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...
The idea that nations in a currency union will have fewer trade barriers or other frictions may have the dual effect of:
A) increased integration and more risk of debt default. B) increased political harmony and less risk of asymmetric shocks. C) economies of scale and specialization as well as higher risk of asymmetric shocks. D) economic growth and an increase in environmental degradation
Typically, employers compete with each other in the labor market to get and to retain the best possible workers. Explain how such competition might prevent the unemployment rate from ever being close to zero
What will be an ideal response?