By Eliminating Artificial Geographical Barriers,the Transnational Corporation Reflects an Ethnocentric

question 23

True/False

By eliminating artificial geographical barriers,the transnational corporation reflects an ethnocentric attitude.

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Definitions:

AVC

Average Variable Cost is the total variable costs divided by the quantity of output.

Diminishing Returns

A principle in economics where each additional unit of input results in a progressively smaller increase in output.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or industry's output expands.

Output

The amount of something produced by a person, machine, or industry.