Multiple Choice
The existence of internal economies of scale
A) may be associated with a perfectly competitive industry.
B) is associated only with sophisticated products such as aircraft.
C) cannot be associated with a perfectly competitive industry.
D) cannot form the basis for international trade.
E) focuses more on the industry than individual firms.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Why are increasing returns to scale and
Q2: If the firms in a market have
Q3: If two countries begin trade and both
Q4: A learning curve relates _ to _
Q6: The Internet has made transactions between businesses
Q7: External economies of scale will _ average
Q8: One advantage of the specialization that results
Q9: Patterns of interregional trade are primarily determined
Q10: Why is it that if an industry
Q11: Explain why positive economies of scale in