Which of the Following Is a Condition for Industry Expansion

question 1

Multiple Choice

Which of the following is a condition for industry expansion through expansion of existing firms instead of entry of new firms?

• A)Firms take advantage of diseconomies of scale.
• B)A firm size is greater than the minimum efficient sale.
• C)A firm's average total cost decreases as a result of technological change.
• D)A firm produces beyond the minimum long-run average total cost.
• E)Firms make normal profits.

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Definitions:

Double Covalent

A type of chemical bond where two pairs of electrons are shared between two atoms.

Neutrons

Subatomic particles with no electric charge, found in the nucleus of an atom, contributing to the atomic mass and stability of the atom.

Protons

Positively charged subatomic particles found in the nucleus of an atom, contributing to the atom's mass and defining the element.

Electrons

Particles smaller than atoms with a negative charge, essential for conducting electricity in solid substances.