When There Are External Economies of Scale,an Increase in the Size

question 24

Multiple Choice

When there are external economies of scale,an increase in the size of the market will

• A)decrease the number of firms and lower the price per unit.
• B)increase the number of firms and lower the price per unit.
• C)increase the number of firms and raise the price per unit.
• D)not affect the number of firms,but will lower the price per unit.
• E)decrease the number of firms and raise the price per unit.

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Definitions:

Adulthood

A stage of life marked by the attainment of physical and psychological maturity and responsibility.

Moral Reasoning

The process by which individuals make decisions about what is right and wrong, often informed by personal values, societal norms, and ethical considerations.

Mutual Perspective Taking

The ability to understand and appreciate another person's viewpoint while recognizing their understanding of one's own perspective.

Reasoning Advances

The developmental progress in the capability to process complex ideas, solve problems, and make logical decisions.