Multiple Choice
External economies of scale will average cost when output is by .
A) increase; increased; the industry
B) reduce; reduce; the industry
C) reduce; increased; a firm
D) increase; increased; a firm
E) reduce; increased; the industry
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
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
Q24: When there are external economies of scale,an
Q25: Internal 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
Q30: External economies of scale arise when the