When Economies of Scale Exist Over Wide Production Ranges, Countries

question 1

Multiple Choice

When economies of scale exist over wide production ranges, countries that specialize in one product and trade excess units to other countries can

• A)raise the quality of the product.
• B)lower production of the product.
• C)raise the price of the product.
• D)lower average total costs of production.
• E)increase revenues.

Explain the process of ecological succession.

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