True/False
If marginal costs are falling and below average costs, then average costs must be falling too.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q30: In the knowledge economy<br>A)physical property rights appear
Q31: For patents to be effective<br>A)small networks.<br>B)network externalities
Q32: Increasing returns<br>A)causes marginal cost to remain constant.<br>B)causes
Q33: Dominant firms tend to lag in innovation
Q34: Knowledge has become measurably more important in
Q35: Knowledge workers have<br>A)relatively less bargaining power.<br>B)relatively more
Q36: The value of a network<br>A)is related to
Q37: Diminishing marginal returns to labor means<br>A)that each
Q38: The information content of a product can
Q39: If increasing returns is in effect<br>A)average costs