Multiple Choice
A feature of imperfect competition is _________, which means that as the firm expands its production, average costs of production fall. Therefore, the firm can _______ its costs of production by selling internationally.
A) increasing returns to scale; decrease
B) increasing returns to scale; increase
C) decreasing returns to scale; decrease
D) decreasing returns to scale; increase
Correct Answer:
Verified
Correct Answer:
Verified
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