Which of the Following Is Most Likely to Be an Increasing-Cost

question 8

Multiple Choice

Which of the following is most likely to be an increasing-cost industry?

• A)An industry whose firms experience diseconomies of scale
• B)An industry whose firms experience economies of scale
• C)An industry that is a major buyer in the markets for the inputs it uses
• D)An industry that is a very small buyer in the markets for the inputs it uses
• E)An industry that is a major seller in the markets for its outputs

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Definitions:

Organizational Membership

The state or condition of belonging to or being a part of a specific group, company, or institution, usually involving certain rights and responsibilities.

Individual Differences

Variabilities among individuals in behavior, personality, cognitive abilities, and other attributes.

Similar

Bearing resemblance or having characteristics in common with something else, often used to denote objects, ideas, or situations that are alike.

Dissimilar

Different in nature, form, or characteristics.