Economies of Scale Are Increases in Per-Unit Cost That Result

question 23

True/False

Economies of scale are increases in per-unit cost that result in a decrease in the size of markets and firms.

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Definitions:

R. J. Reynolds Tobacco

An American tobacco company known for producing cigarettes and other tobacco products.

Negligently Failed

The act of failing to take reasonable care in doing something, leading to unintended harm or damage.

Trial Court

A court in which most civil or criminal cases start when they first enter the legal system. The parties present evidence and call witnesses to testify. Trial courts are referred to as courts of common pleas or county courts in state court systems and district courts in the federal system. Also called court of original jurisdiction and court of first instance.

Manufacturer Negligent

A situation when a manufacturer fails to ensure the safety and efficacy of their product, resulting in harm to consumers.