The Internet has made transactions between businesses (B2B trading) fast and easy.Any business in any location can access specialized knowledge,labor,and materials.It is likely that these virtual economic communities will result in
A) internal economies of scale.
B) government intervention and regulation.
C) suppression of innovations and collusive behavior,driving up prices.
D) external economies of scale.
E) consolidation of industries into a small number of powerful firms.
Correct Answer:
Verified
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
Q13: If a firm's output doubles when all
Q14: Where there are internal economies of scale,the
Q15: External economies of scale arise when the
Q16: The existence of external economies of scale
A)cannot
Q17: If output is increased in the long
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents