Multiple Choice
An internal economies of scale is defined as
A) one whose size or scale effects are not located in the firm,but in the industry.
B) one with falling costs over a specific level of output.
C) one with falling costs over a relatively large range of output.
D) one with falling costs over a relatively large range of output,but definite declining profits.
Correct Answer:
Verified
Correct Answer:
Verified
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