The existence of internal economies of scale
A) cannot be associated with a perfectly competitive industry.
B) may be associated with a perfectly competitive industry.
C) is associated only with sophisticated products such as aircraft.
D) cannot form the basis for international trade.
E) focuses more on the industry than individual firms.
A
You might also like to view...
An increase in unearned income always creates a disincentive to work
Indicate whether the statement is true or false
You are currently using three printing presses and five employees to print 100 sales manuals per hour. If the MRTS at this point is 0
5 (capital is on the vertical axis of the isoquant map), then you would be willing to exchange ________ employees for one more printing press in order to maintain current output. A) zero B) one C) two D) three
Which of the following is NOT a way to signal high quality
a. wearing everyday clothes to a job interview b. leaving a big tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Visiting the beauty salon before a big date
The increase in the market value of a good at a particular stage of production is known as
A. Cost based accounting. B. Value added. C. The input price. D. Profit.