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The Mode of Transportation (Among the Non-Pipeline Carriers)which Is the Cheapest

question 12

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The mode of transportation (among the non-pipeline carriers) which is the cheapest per tonnage is


Definitions:

Firm

An organization that sells goods or services in order to make a profit.

Industry

The organized economic activity connected with the production, manufacture, or construction of goods and services.

Automobile Insurance Costs

The expenses related to insuring a car against accidents, theft, and other risks.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.

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