If firm X benefits from research and development conducted by other firms in the industry, then this is an example of an external economy of scale for firm X.
Correct Answer:
Verified
Q42: If marginal cost is above average cost,
Q43: All marginal costs are variable.
Q44: A firm's average fixed cost must always
Q45: If a doubling of inputs leads to
Q46: Economies of scale explain the falling part
Q48: In the long run a producer should
Q49: By 'diseconomies of scale' economists mean bureaucracy.
Q50: The minimum efficient scale of operations refers
Q51: LRATC curves are always downward- sloping.
Q52: With the quantity of factor A measured
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