Economists have a different way of talking about costs than accountants. According to economists, which of the following statements are true? In the long run, economies of scale are always present Monopoly is a very good market structure for consumers In the long run, a firm can change any sort of cost it faces O Monopsony is a very good market structure for sellers
Economists have a different way of talking about costs than accountants. According to economists, which of the following statements are true? In the long run, economies of scale are always present Monopoly is a very good market structure for consumers In the long run, a firm can change any sort of cost it faces O Monopsony is a very good market structure for sellers
Chapter1: Making Economics Decisions
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![Economists have a different way of talking about costs than accountants. According
to economists, which of the following statements are true?
In the long run, economies of scale are always present
Monopoly is a very good market structure for consumers
In the long run, a firm can change any sort of cost it faces
O Monopsony is a very good market structure for sellers](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F031d554c-a0be-4605-ad67-4a3ae6f6062d%2Ff717523d-e3a5-4e20-b05c-de83a222168f%2Ftbklhne_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economists have a different way of talking about costs than accountants. According
to economists, which of the following statements are true?
In the long run, economies of scale are always present
Monopoly is a very good market structure for consumers
In the long run, a firm can change any sort of cost it faces
O Monopsony is a very good market structure for sellers
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