Multiple Choice
An internal economy means that ________,while an external economy means that ________.
A) firm costs fall as firm output increases, firm costs fall as industry output increases
B) firm costs fall as industry output increases, firm costs fall as firm output increases
C) firm costs fall as firm output increases, firm costs rise as industry output increases
D) firm costs fall as industry output increases, firm costs rise as firm output increases
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Market failures are less likely to occur
Q14: Carefully explain why there are gains from
Q15: Intraindustry trade refers to<br>A)international trade in products
Q16: If countries have similar factors of production
Q17: Which of the following is NOT a
Q19: Which of the following is true about
Q20: Which of the following is NOT a
Q21: Paul Krugman has stated that international trade
Q22: The geographical distribution of resources such as
Q23: Which of the following is NOT a