An Industry Is Characterized by Scale Economies and Exists in Two

question 33

Multiple Choice

An industry is characterized by scale economies and exists in two countries. In order for consumers of its products to enjoy both lower prices and more variety of choice

• A) the two countries must engage in international trade with each other.
• B) each country's marginal cost must equal that of the other country.
• C) the monopoly must lower prices in order to sell more.
• D) they must combine to become a multinational corporation.
• E) the marginal cost of this industry must equal marginal revenue in the other.

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Definitions:

Nonverbally Object

Expressing disagreement or refusal without the use of spoken words, often through body language or other forms of nonverbal communication.

Directives

Instructions or orders given with authority, which are meant to guide or command actions.

High-level Empathic Responding

A communication approach that involves deeply understanding and reflecting back the feelings and thoughts of others without judgment.

Exploration of Self

The process of introspection and self-discovery, aiming to understand one's thoughts, feelings, and behaviors.