Multiple Choice
The existence of internal economies of scale
A) is associated only with sophisticated products such as aircraft.
B) focuses more on the industry than individual firms.
C) cannot form the basis for international trade.
D) may be associated with a perfectly competitive industry.
E) cannot be associated with a perfectly competitive industry.
Correct Answer:

Verified
Correct Answer:
Verified
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Q9: Patterns of interregional trade are primarily determined
Q10: If output is increased in the long
Q11: The study of factors that influence both
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Q14: Where there are internal economies of scale,the
Q15: If a firm's output less than doubles
Q16: If output is increased in the long
Q17: One advantage of the specialization that results
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