Scale economies are said to be present when:
A) an increase in output leads to an increase in average cost.
B) an increase in output has no impact on average cost.
C) an increase in output leads to a decrease in average cost.
D) there is a single firm in an industry.
Correct Answer:
Verified
Q3: Internal scale economies occur when:
A)expansion of output
Q4: The table given below shows the
Q5: The table given below shows the
Q6: The Heckscher-Ohlin theory predicts that trade between
Q7: Suppose the amount of exports of textile
Q9: When the average cost of a typical
Q10: Which of the following is the
Q11: A monopolistically competitive firm:
A)sets price of its
Q12: The table given below shows the
Q13: The table given below shows the
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