Efficient scale
CH 11
Flashcard
•
English
•
University
•
Hard
Botagoz Duisenova
FREE Resource
Student preview
5 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
The best size for a firm to make things cheaply
2.
FLASHCARD QUESTION
Front
Excess capacity
Back
When a firm can make more but doesn't
3.
FLASHCARD QUESTION
Front
Markup
Back
Extra money added the cost to set a price
4.
FLASHCARD QUESTION
Front
Monopolistic competition
Back
Many companies sell similar products
5.
FLASHCARD QUESTION
Front
Signal
Back
A way for companies to show information to customers
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