If a Firm's Average Cost Is Falling (Economies of Scale)with

question 17

Multiple Choice

If a firm's average cost is falling (economies of scale) with output,then

• A)marginal cost is less than average cost.
• B)marginal cost is rising.
• C)marginal cost is greater than average cost.
• D)average cost is rising as a function of output.

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Definitions:

Positioning Strategies

Marketing strategies aimed at establishing a product or brand in a particular segment of the market, influencing consumer perception.

Sociocultural Concerns

Issues related to the social and cultural factors that influence individuals, communities, and societal norms and behaviors.

International Marketing

The practice of promoting and selling products or services across national borders.

Distribution Channels

Networks through which a company delivers its products or services to its customers, including pathways involving wholesalers, retailers, or direct sales.