External Economies of Scale Will Average Cost When Output Is

question 26

Multiple Choice

External economies of scale will average cost when output is by .

• A)increase; increased; the industry
• B)reduce; reduce; the industry
• C)reduce; increased; a firm
• D)increase; increased; a firm
• E)reduce; increased; the industry

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Definitions:

Sixteenth Century

The period of time from 1501 to 1600, noted for significant global exploration, cultural transformations in Europe, and the beginnings of the modern era.

Seventeenth Century

The seventeenth century spans the years 1601 to 1700, marking a period in history known for significant developments in science, art, and politics.

Social Media

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A social networking service that allows users to post and interact with messages known as "tweets," used for a variety of purposes including news, entertainment, and personal expression.