The market for a product has an extremely low minimum efficient scale. Which of the following is a valid conclusion about this market? A) There are unlikely to be many firms within this market.
B) No firms in this market will operate with decreasing returns to scale.
C) There is likely a low market concentration for this product.
D) The efficient range will be relatively small for this product.
E) In the short term, fixed costs are likely very high.

True of false: the chancellor of a university has commissioned a team to collect data on students' gpas and the amount of time they spend bar hopping every week (measured in minutes). he wants to know if imposing much tougher regulations on all campus bars to make it more difficult for students to spend time in any campus bar will have a significant impact on general students' gpas. his team should use a t test on the slope of the population regression.