If output is increased in the long-run, then in the presence of internal economies of scale the number of firms will ________, and in the presence of constant external returns to scale the number of firms will ________
A) decrease; decrease
B) increase; remain constant
C) remain constant; increase
D) decrease; remain constant
E) increase; decrease
C
Economics
You might also like to view...
In 2008, the U.S. current account balance was -$706 billion, net interest was +$119 billion, net transfers were -$128 billion, and exports were +$1,827 billion. Therefore, imports were
A) -$1,112 billion. B) +$1,112 billion. C) -$2,524 billion. D) +$2,780 billion. E) +$2,524 billion.
Economics
Explain how mutual funds are advantageous to small investors
Economics