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:

Position Power

The authority or influence derived from one's formal role or position within an organization, allowing them to direct or influence others.

Personal Power

The influence or authority a person has over others, derived from their expertise, skills, or personality.

Public Interest Groups

Organizations that advocate for issues they believe to benefit the general public, including environmental protection, consumer rights, and social justice.

Common Good

A concept that refers to the benefit or interests of all members within a society.