Multiple Choice
Agglomeration refers to:
A) a consumer-s choice to consume a narrower set of products than the variety available due to international trade.
B) a firm-s production of output at a level beyond its minimum efficient scale.
C) a foreign firm-s sale of a product in a domestic country at a price lower than the domestic market price.
D) the formation of clusters of related industries employing common inputs.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The relevant market is:<br>A) defined by the
Q3: A firm experiences economies of scale along
Q4: The geographic-based rationale for international trade is
Q5: The fact that a the minimum efficient
Q6: Which of the following is not an
Q8: In a monopolistically competitive industry, firms can
Q9: Which of the following two elements are
Q10: An industry concentration ratio is the:<br>A) sum
Q11: Vertical investment involves the establishment of a
Q12: Which of the following is not a