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An upward-sloping portion of a long-run average total cost curve is the result of economies of scale

Economics

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An upward-sloping portion of a long-run average total cost curve is the result of economies of scale. True False
When a firm is operating in a price-taker market, marginal revenue is always greater than the market price. True O False
Demand will be more price inelastic, when the number of "good" substitutes available to consumers is small. True False
Over time, there has been less risk of a low or negative return on stock market investments when a portfolio of stocks has been held by investors for a greater amount of years. True False