Economies of Scale Occur Where

question 159

Multiple Choice

Economies of scale occur where

• A)long-run average cost falls as new firms enter the industry
• B)short-run average cost falls as new firms enter the industry
• C)long-run average cost falls as one firm expands plant size
• D)short-run average cost falls as one firm expands plant size
• E)long-run average cost rises as one firm expands plant size

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Definitions:

Population Density

The number of individuals of a particular species living within a specific area or volume, impacting various ecological and evolutionary processes.

Altruistic Behavior

Actions by an individual that benefit others at a cost to itself, often seen in social animals and key in studies of social evolution.

Relatedness

Relatedness refers to the genetic connection or relationship between individuals, typically measured as the proportion of shared genes among relatives.

Evolution

The process through which species change over time through mechanisms like natural selection, mutation, genetic drift, and gene flow.