Which One of the Following Would Not Likely Be a Firm

question 89

Multiple Choice

Which one of the following would not likely be a firm with economies of scale?

• A)an electrical production plant
• B)a steel mill
• C)a telephone company
• D)a firm that produces handmade cabinetry
• E)a multi-store dry-cleaning firm

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Definitions:

Trade Deficit

A situation in which a country's imports of goods and services exceed its exports, leading to a negative balance of trade.

Japanese Trading Policies

The rules, regulations, and practices that govern the import and export activities within and outside Japan.

Electronic Producers

Companies that specialize in the creation and manufacturing of electronic goods, including devices like computers, smartphones, and televisions.

American Consumer Market

The marketplace of goods, services, and cultural products tailored to and consumed by individuals and households in the United States.