Internal economies of scale arise when the cost per unit
A) falls as the industry grows larger.
B) falls as the average firm grows larger.
C) rises as the average firm grows larger.
D) rises as the industry grows larger.
E) remains constant over a broad range of output.
Correct Answer:
Verified
Q1: The long- run market supply curve in
Q2: The existence of internal economies of scale
A)is
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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