What Term Refers to Reductions in a Firm's Costs That

question 23

Multiple Choice

What term refers to reductions in a firm's costs that result from an increase in the size of an industry?

• A)Internal economies
• B)External economies (agglomeration economies)
• C)Autarkial dominance
• D)Streamlining

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Definitions:

Fovea

A tiny indentation in the retina that is the location of the sharpest vision.

Visual Acuity

Refers to the sharpness of vision, measured by the ability to discern letters or numbers at a given distance according to a standardized eye chart.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing humans to detect motion and stimuli outside the direct line of sight.

Motion Detection

A technology or process for recognizing movement within a particular environment, often used in security systems and interactive applications.