Internal economies of scale arise when the cost per unit
A) falls as the average firm grows larger.
B) rises as the industry grows larger.
C) falls as the industry grows larger.
D) rises as the average firm grows larger.
E) remains constant over a broad range of output.
A
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A demand schedule relates prices of a particular good to quantities demanded.
Answer the following statement true (T) or false (F)
People who stopped looking for work because they could not find jobs are called discouraged workers
Indicate whether the statement is true or false
What choices do you have, both in your daily life and your long-term outlook, that are more limited in developing countries?
What will be an ideal response?
The products sold by monopolistically competitive firms
A) are differentiated. B) are homogeneous. C) can be either homogeneous or differentiated. D) are close substitutes of each other.