Which of the Following Explains Why the World Market May

question 76

Multiple Choice

Which of the following explains why the world market may support only one or two firms worldwide?

• A) large economies of scale
• B) comparative advantage
• C) learning by doing
• D) constant returns to scale

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Definitions:

Company's Image

The public perception or reputation of a business, shaped by its actions, branding, and communication.

Personal Brand

The unique combination of skills, experiences, and personality that one wants the world to see them by.

Plain Language

A communication method that uses clear, straightforward expression, avoiding complex vocabulary or technical jargon.

Connotative Words

Words that carry suggested meanings or associations in addition to their literal definitions.