This flashcard is just one of a free flashcard set. See all flashcards!
50
T/F: Rockefeller increased prices in oil to make a larger profit.
False - he kept them from falling anymore, and utilized economies of scale to lower the LRAC
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010