Internal Economies of Scale Occur at the ________ Levels

question 5

Multiple Choice

Internal economies of scale occur at the ________ levels.

• A) plant and firm
• B) plant and industry
• C) firm and industry
• D) plant, firm, and industry

---

Definitions:

Thomas Hobbes

A 17th-century English philosopher best known for his work on political philosophy, especially as articulated in his book "Leviathan," where he discusses the structure of society and legitimate government.

Consumption Tax

is a tax on spending on goods and services imposed either at the point of sale, collected as a sales tax, or as part of a VAT (value added tax) system.

Income Tax

A tax levied by a government directly on personal, or organizational income.

Double Taxation

The levying of tax by two different authorities on the same income, asset, or financial transaction.