External Economies Are Factors Beyond the Control of an Individual

question 94

Multiple Choice

External economies are factors beyond the control of an individual firm which

• A)lower its marginal revenue as market output increases.
• B)raise its costs as market output increases.
• C)lower its costs as market output increases.
• D)lower its economic profit as market output increases.
• E)raise its economic profit as market output increases.

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Definitions:

Team Excellence

This term denotes the highest standard of performance and cohesion achieved by a group working effectively towards common goals.

Larson and LaFasto

Researchers known for their study on team excellence, identifying factors that contribute to the effectiveness of teams.

Team Leadership Model

A framework for understanding how leadership can effectively influence team dynamics, cohesion, and performance.

Gender

Socially constructed roles, behaviors, expressions, and identities of girls, women, boys, men, and gender diverse people.