This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: C. Constant marginal cost at all output quantities. Quiz: Question 3: What can be used as a measure of the degree of market power that a firm has? A. The price elasticity of supply. B. The price elasticity of demand. C. The degree of returns to scale. D. The degree of increasing marginal cost. E. The number of former executives currently working for the federal government. (Do not choose this answer.) Quiz:...
View Full Document