Multiple Choice
The existence of external economies of scale
A) cannot be associated with a perfectly competitive industry.
B) tends to result in one huge monopoly.
C) focuses more on individual firms than the industry as a whole.
D) may be associated with a perfectly competitive industry.
E) tends to result in large profits for each firm.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The primary determinant of patterns of interregional
Q3: The Internet has made transactions between businesses
Q4: If a firm's output more than doubles
Q5: If output is increased in the long
Q6: If two countries begin trade and both
Q8: External economies of scale often arise because
Q9: Patterns of interregional trade are primarily determined
Q10: If output is increased in the long
Q11: The study of factors that influence both
Q12: The learning curve describes the relationship between