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) external economies of scale.
B) internal economies of scale.
C) consolidation of industries into a small number of powerful firms.
D) suppression of innovations and collusive behavior, driving up prices.
E) government intervention and regulation.

Question

Quizplus · Accepted Answer

The virtual economic communities created by B2B trading on the internet allow businesses to access specialized knowledge, labor, and materials from anywhere in the world, resulting in external economies of scale. This means that businesses can benefit from cost savings and increased efficiency due to factors outside of their own operations.

The Internet Has Made Transactions Between Businesses (B2B Trading)fast and Easy.Any