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:

Trademark

A recognizable sign, design, or expression that identifies and differentiates products or services of one trader from those of others.

Consumerism

The promotion of the consumer's interests, emphasizing the importance of consumption and acquisition of goods.

Trademark Infringement

The unauthorized use of a trademarked name or logo, which violates the rights of the trademark owner.

Lanham Act

A United States federal statute that governs trademarks, service marks, and unfair competition, providing protection to the owners of brands or logos used in commerce.