In the late nineteenth century, technological improvements and cheaper transportation in the United States led to
A)a decrease in minimum efficient scale in many industries
B)an increase in minimum efficient scale in many industries
C)an overall reduction in productive efficiency
D)a narrowing of markets
E)price increases in many industries

Question

Quizplus · Accepted Answer

Technological improvements and cheaper transportation led to larger scale production and larger markets, which increased minimum efficient scale in many industries.

In the Late Nineteenth Century, Technological Improvements and Cheaper Transportation