The Existence of External Economies of Scale

question 7

Multiple Choice

The existence of external economies of scale

• A)cannot be associated with a perfectly competitive industry.
• B)tends to result in one huge monopoly.
• C)focuses more on individual firms than the industry as a whole.
• D)may be associated with a perfectly competitive industry.
• E)tends to result in large profits for each firm.

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Definitions:

Observes

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Item of Interest

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A subset of artificial intelligence in which a system can learn from data, identify patterns, and make decisions with minimal human intervention.

Detect Fraud

The process of identifying and preventing deceptive actions typically involving the intentional misrepresentation of information for personal gain.