Which of the Following Can Lead to a Firm Being

question 12

Multiple Choice

Which of the following can lead to a firm being more efficient that a market? A firm can have I. economies of scale.
II) economies of scope.
III) lower transactions costs.

• A) III only
• B) I and II
• C) II and III
• D) I, II and III

---

Definitions:

Much Blood

A phrase that might refer to situations or events characterized by a lot of violence or casualties.

General Burnside

An officer in the Union Army during the American Civil War, known for his distinctive facial hair leading to the term "sideburns."

General McClellan

Refers to George B. McClellan, a Union general during the American Civil War, known for his cautious nature and his role in the Peninsula Campaign.

Western Forces

Military or political powers originating from or associated with Western Europe and/or North America, especially in contrast to those from other regions.