A Decreasing-Cost Industry Is Characterized By

question 54

Multiple Choice

A decreasing-cost industry is characterized by:

• A)more firms than an increasing-cost industry.
• B)some type of economies of scale.
• C)accounting profit net of the minimum return on invested capital demanded by the firm's investors.
• D)some type of diseconomies of scale.

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Definitions:

Conversion Evidence

Proof or documentation that demonstrates a change or transformation, often used in legal, religious, or technological contexts.

Concept of Freedom

The idea or principle that individuals have the right to act, speak, or think as they want without hindrance or restraint, subject to the laws that protect common welfare.

Charles I

King of England, Scotland, and Ireland from 1625 until his execution in 1649, whose reign was marked by religious conflicts and a civil war that led to his downfall.