Multiple Choice
An export industry is said to exhibit increasing returns to scale when
A) a large-scale organization has significant competitive advantages over small-scale activities.
B) labor utilization increases by 50 percent but export output production increases by only ?20 percent.
C) its small-scale business activity has significant comparative advantages over large-scale productions.
D) use of capital increases by 10 percent leads to an increase in export production by 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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