Multiple Choice
What problem do late developers confront with economies of scale?
A) They produce on a small scale at a higher cost
B) They are unable to produce a large amount of their goods
C) First movers are able to undermine these new businesses
D) The laws and policies set by the first movers hinder late developers
Correct Answer:
Verified
Correct Answer:
Verified
Q58: What was the alternative strategy for development
Q59: The definition of poverty by the UN
Q60: In recent decades, three main development strategies
Q61: Who wrote the "Report on Manufactures," which
Q62: Many developing countries are known as late
Q64: Which concept refers to the relative prices
Q65: How do network effects benefit established businesses?<br>A)Network
Q66: What was the central problem in Russia
Q67: Although the price of oil and some
Q68: Which of the following international governmental organizations