A Firm Faces Competitive Markets Both for Its Inputs and Its

question 3

True/False

A firm faces competitive markets both for its inputs and its outputs. If its long-run supply curve is q = 3p,then it cannot have constant returns to scale.

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Majority of Votes

A voting outcome in which more than half of the votes cast are in favor of a particular option or candidate.

Margin of Error

An indicator of the precision of an estimate, showing how much the estimated value could vary from the true value.

Confidence Level

A statistical measure that quantifies the certainty of an estimation or test result, often expressed as a percentage.

Television Viewers

Individuals who watch content on a television, encompassing a broad demographic that consumes broadcasting or streamed media.