The Existence of Internal Economies of Scale

question 5

Multiple Choice

The existence of internal economies of scale

• A) may be associated with a perfectly competitive industry.
• B) is associated only with sophisticated products such as aircraft.
• C) cannot be associated with a perfectly competitive industry.
• D) cannot form the basis for international trade.
• E) focuses more on the industry than individual firms.

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Definitions:

Interests

The desires, concerns, or needs that motivate individuals in decision-making or negotiation.

Ownership

The legal right or state of having full control and possession over property, assets, or an entity.

Ethics Competency

The ability to recognize ethical issues, make reasoned ethical judgments, and implement decisions in a manner consistent with established ethical standards.

Stakeholder Ethics

The principles and standards that guide how a business should act towards its stakeholders to be considered ethical.