An Internal Economies of Scale Is Defined as

question 34

Multiple Choice

An internal economies of scale is defined as

• A)one whose size or scale effects are not located in the firm,but in the industry.
• B)one with falling costs over a specific level of output.
• C)one with falling costs over a relatively large range of output.
• D)one with falling costs over a relatively large range of output,but definite declining profits.