When a firm triples its inputs and finds that its output has less than tripled this is known as: O a. economies of scale. O b. diseconomies of scale. O c. a violation of the law of diminishing returns. O d. constant returns to scale.
When a firm triples its inputs and finds that its output has less than tripled this is known as: O a. economies of scale. O b. diseconomies of scale. O c. a violation of the law of diminishing returns. O d. constant returns to scale.
Chapter1: Making Economics Decisions
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![When a firm triples its inputs and finds that its output has less than tripled this is known as:
O a. economies of scale.
O b. diseconomies of scale.
c. a violation of the law of diminishing returns.
O d. constant returns to scale.
When monopolistically competitive firms earn
profits, other firms
the industry in
the long run.
a. normal; exit
O b. normal; enter
O c. positive economic; enter
O d. negative economic; enter](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2abd1cdc-ee4f-4da0-a2ac-96a52c2f0c72%2F1a6ed599-e04c-4a2e-af51-a12eeb2200b9%2F9kv1c1g_processed.png&w=3840&q=75)
Transcribed Image Text:When a firm triples its inputs and finds that its output has less than tripled this is known as:
O a. economies of scale.
O b. diseconomies of scale.
c. a violation of the law of diminishing returns.
O d. constant returns to scale.
When monopolistically competitive firms earn
profits, other firms
the industry in
the long run.
a. normal; exit
O b. normal; enter
O c. positive economic; enter
O d. negative economic; enter
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