Economies of Scale Can

question 26

Multiple Choice

Economies of scale can

• A) result in an increasing cost industry.
• B) cause firm exits out of the industry.
• C) prevent the entry of new firms into a market.
• D) reduce the rate of return which the firm may earn.

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Definitions:

Denial

A psychological defense mechanism wherein an individual refuses to accept reality or facts, often in response to uncomfortable or painful truths.

Symptoms

Observable signs or indications of an illness, injury, or condition experienced by an individual.

Rapid Heartbeat

A condition where the heart beats significantly faster than normal, which can be a response to stress, exercise, or medical conditions.

Sprained Ankle

An injury to the ligaments around the ankle, usually caused by twisting or turning the ankle in an awkward manner.