________ Are Said to Exist When the Increase in Firm

question 97

Multiple Choice

________ are said to exist when the increase in firm size (measured in terms of volume of production) are associated with lower costs (measured in terms of average costs per unit of production) .

• A) Sustainable competitive advantages
• B) Economies of scale
• C) Temporary competitive advantages
• D) Economies of scope

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Definitions:

Comb

A tool consisting of a shaft that holds a row of teeth for pulling through the hair to clean, untangle, or style it.

Genetic Diversity

The variety of genetic information within a population, species, or ecosystem, crucial for survival, adaptability, and evolutionary processes.

Hive Diversity

The variation within a bee or insect colony in aspects such as genetics, roles, and tasks, contributing to the overall health and functionality of the colony.

Polyandrous Bee Species

Bees species in which females mate with multiple males during their lifespan, enhancing genetic diversity in offspring.