Question 17 The use of surveys of experts to estimate long-run production costs

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Question 17

1. The use of surveys of experts to estimate long-run production costs may be undermined by the fact that: Answer reporting biases can occur. it is dependent on the judgments of individuals closely connected with the industry. it is a time-consuming process. all of the above.

1. The use of surveys of experts to estimate long-run production costs may be undermined by the fact that: Answer reporting biases can occur. it is dependent on the judgments of individuals closely connected with the industry. it is a time-consuming process. all of the above.

The use of surveys of experts to estimate long-run production costs may be undermined by the fact that: Answer reporting biases can occur. it is dependent on the judgments of individuals closely connected with the industry. it is a time-consuming process. all of the above. The use of surveys of experts to estimate long-run production costs may be undermined by the fact that: reporting biases can occur. it is dependent on the judgments of individuals closely connected with the industry. it is a time-consuming process. all of the above. reporting biases can occur. it is dependent on the judgments of individuals closely connected with the industry. it is a time-consuming process. all of the above.

Explanation / Answer

reporting biases can occur

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