With an increase in production on the international level, costs for production in the domestic market often double or triple.

Name: With an increase in production on the international level, costs for production in the domestic market often double or triple.
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Question

Quizplus · Accepted Answer

With an increase in production on the international level, cost of production is likely to decrease due to economies of scale and competition. This often results in lower prices in the domestic market rather than higher costs.

With an Increase in Production on the International Level, Costs