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To an Economist,which Question Is Answered in the Field of Industrial

Question 57

Multiple Choice

To an economist,which question is answered in the field of industrial organization


A) Why are consumers subject to the law of demand?
B) Why do firms experience falling marginal product of labour?
C) How does the difference in the number of firms affect prices and the efficiency of market outcomes?
D) Why do firms consider production costs when determining product supply?

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