If Two Firms Produce the Same Product but Have Different

question 51

Multiple Choice

If two firms produce the same product but have different supply curves,

• A) this would indicate that some other variable differs across the two firms.
• B) this would indicate that all variables are the same across the two firms.
• C) this would indicate that one or both of the firm's managers are misinformed.
• D) this would indicate a need for government regulation.

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Definitions:

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Smart-Growth

An urban planning and transportation theory that focuses on sustainable development and environmental protection.

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A phenomenon within social psychology where individuals become less inclined to assist a victim when there are other bystanders around.

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