Multiple Choice
When there are external economies of scale,an increase in the size of the market will
A) decrease the number of firms and lower the price per unit.
B) increase the number of firms and lower the price per unit.
C) increase the number of firms and raise the price per unit.
D) not affect the number of firms,but will lower the price per unit.
E) decrease the number of firms and raise the price per unit.
Correct Answer:
Verified
Correct Answer:
Verified
Q19: A learning curve relates to and is
Q20: If the firms in a market have
Q21: Restaurant meals are an example of a
Q22: The long- run market supply curve in
Q23: In the presence of external economies of
Q25: Internal economies of scale will average cost
Q26: External economies of scale will average cost
Q27: If two countries begin trade and both
Q28: If a firm's output doubles when all
Q29: If some industries exhibit internal increasing returns