Multiple Choice
The Internet has made transactions between businesses (B2B trading) fast and easy. Any business in any location can access specialized knowledge, labor, and materials. It is likely that these virtual economic communities will result in
A) consolidation of industries into a small number of powerful firms.
B) internal economies of scale.
C) suppression of innovations and collusive behavior, driving up prices.
D) government intervention and regulation.
E) external economies of scale.
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 _
Q5: The existence of internal economies of scale<br>A)
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