Technology Is a Primary Source of Economies of Scale for Many

question 267

True/False

Technology is a primary source of economies of scale for many firms.

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Definitions:

State-Of-The-Art Defense

A legal defense used in product liability, claiming that a product is safe based on the most advanced technology available at the time of production.

Strict Liability Cases

Legal cases where the defendant can be held liable for harm without proof of negligence or intent to harm, based on inherently risky activities or defective products.

Technologically Feasible

Capable of being achieved or implemented with the current state of technical knowledge and resources.

Breach Of Express Warranty

The failure to fulfill the specific and stated promises regarding the quality or function of a product or service.