The Increasing Size of Container Ships Is Being Driven By

question 49

Multiple Choice

The increasing size of container ships is being driven by:

• A)Economies of scale.
• B)Total cost of ownership.
• C)Market consolidation.
• D)Economies of distance.

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Definitions:

Basic Characteristics

Fundamental or inherent qualities or attributes that define or determine the nature of something.

Specific High Goal

A clearly defined, ambitious objective that an individual or group strives to achieve.

Complex Task

A task that involves multiple steps, considerations, or skill sets, often requiring significant effort and problem-solving.

Monopolistically Competitive

Describes a market structure in which several or many sellers each produce similar, but slightly differentiated products, and each has some control over price.