Multiple Choice
Which of the following theories states that in those industries where the output required to attain economies of scale represents a significant proportion of total world demand, the global market may be able to support only a small number of enterprises?
A) Heckscher-Ohlin
B) comparative advantage
C) product life-cycle
D) new trade
E) absolute advantage
Correct Answer:
Verified
Correct Answer:
Verified
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