Which of the Following Is FALSE

question 39

Multiple Choice

Which of the following is FALSE?

• A)Economies of scale may be internal, external, or both.
• B)With internal economies of scale, the gains from trade include a wider selection of consumer choices and lower prices.
• C)With external economies of scale, the gains from trade are less certain since, in theory, they can lock in production in a less efficient country and prevent the development of production in a more efficient country.
• D)Internal economies of scale lead firms to regionally concentrate their industry.

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