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) external economies of scale.
B) internal economies of scale.
C) consolidation of industries into a small number of powerful firms.
D) suppression of innovations and collusive behavior, driving up prices.
E) government intervention and regulation.
Correct Answer:
Verified
Correct Answer:
Verified
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Q11: Explain why positive economies of scale in
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Q27: When there are external economies of scale,an
Q28: The long-run market supply curve in the
Q29: Internal economies of scale will _ average
Q33: The existence of external economies of scale<br>A)
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