Multiple Choice
When there are external economies of scale in an industry
A) firm costs decrease as individual firms expand output.
B) firm costs decrease as the industry expands in size.
C) firms will generally increase their size.
D) firms must be located in different regions.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: How can regional concentration of firms in
Q32: Explain what rent seeking is and how
Q33: Intraindustry trade can lead to lower prices
Q34: Benefits of R&D spending to foreigners may
Q35: If the United States and Mexico trade
Q37: Sound macroeconomic policies are less important than
Q38: Economies of scale are an important determinant
Q39: Which of the following is FALSE?<br>A)Economies of
Q40: A substantial amount of trade between industrialized
Q41: If the United States and Canada trade