In an Industry Where Firms Experience Internal Scale Economies, the Long-Run

question 39

Multiple Choice

In an industry where firms experience internal scale economies, the long-run cost of production will depend on

• A) individual firms' fixed costs.
• B) the size of the labor force.
• C) whether the country engages in intra-industry trade.
• D) the size of the market.
• E) whether the country engages in inter-industry trade.

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