Factors that cause a producer’s average cost per unit to fall while output rises are known as
a. franchise scale
b. price discrimination
c. economics of scale
d. market power scale

Which of the following best describes the term capitalism? it is a concept that holds, at a minimum, that all people are entitled to equal protection under the law. it is an economic system based on the private ownership of wealth-producing property. it is a set of political beliefs that include the advocacy of active government. it is an intrinsic property which measures the disregard for material possessions. it is a more popular term for the set of political beliefs known as liberalism.