_____ in an Industry Can Be So Large That Demand

question 293

Multiple Choice

_____ in an industry can be so large that demand is able to support only one firm.

• A) Economies of scope
• B) Diseconomies of scale
• C) Economies of scale
• D) Elasticity

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Definitions:

Par Value

The face value of a bond or stock as set forth in its certificate.

Two-For-One Stock Split

An action by a company to increase its number of shares by dividing each existing share into two, often to make the stock more affordable.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership interest in a corporation.

Revised Act

An amended version of legislation that incorporates changes and updates to the original act.