________ Refers to Reductions in a Firm's Costs That Result

question 325

Multiple Choice

________ refers to reductions in a firm's costs that result from an increase in the size of an industry.

• A) Internal economies
• B) External economies
• C) Autarkial dominance
• D) Streamlining

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Definitions:

Blacks

A term commonly used to refer to people of African descent, often associated with discussions on race, ethnicity, and social justice issues.

Religious Revivals

Periods of increased spiritual interest or renewal in the life of a church congregation or society, often associated with enthusiastic preaching and public gatherings.

Church Attendance

The practice of going to church services, which reflects religious commitment and involvement in a faith community.

Young Republic

A term often used to describe the United States during the early years of its establishment and development as an independent nation, following the American Revolutionary War and during the early 19th century.