External Economies of Scale Occur When an Industry Expansion Results

question 34

True/False

External economies of scale occur when an industry expansion results in lower unit costs for firms.

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Definitions:

Speciesism

A form of discrimination based on species, typically involving the prioritization of human interests over those of other animals.

Peter Singer

A contemporary Australian philosopher known for his contributions to bioethics and utilitarian ethical theory, particularly regarding animal rights and global poverty.

Right Conduct

Behaviors or actions that are deemed morally correct or ethical in a given context.

Carl Cohen

A philosopher known for his work in bioethics and animal rights, arguing against animal rights based on moral grounds.