The existence of internal economies of scale
A) is associated only with sophisticated products such as aircraft.
B) focuses more on the industry than individual firms.
C) cannot form the basis for international trade.
D) may be associated with a perfectly competitive industry.
E) cannot be associated with a perfectly competitive industry.
Correct Answer:
Verified
Q1: The long- run market supply curve in
Q3: Internal economies of scale arise when the
Q4: External economies of scale will average cost
Q5: If the firms in a market have
Q6: If a firm's output less than doubles
Q7: One advantage of the specialization that results
Q8: Internal economies of scale will average cost
Q9: If output is increased in the long
Q10: External economies of scale often arise because
Q11: When there are external economies of scale,an
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