Multiple Choice
A firm that is technologically efficient
A) must be economically efficient, but a firm that is economically efficient is not always technologically efficient.
B) must be economically efficient, and a firm that is economically efficient must always be technologically efficient.
C) is not always economically efficient, and a firm that is economically efficient is not always technologically efficient.
D) is not always economically efficient, but a firm that is economically efficient must always be technologically efficient.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: If 10 firms share the sales of
Q11: Economic efficiency definitely occurs whenever<br>A) a firm
Q12: Which of the following can lead to
Q13: Tudor's Deli and Catering could have sold
Q14: When the cost of producing a unit
Q16: Over a given period, economic depreciation is
Q17: Under _, there are many firms selling
Q18: Which of the following may yield economies
Q19: Although a corporation is the most common
Q20: A low concentration ratio suggests<br>A) a high