If a Firm Experiences Decreases in the Per-Unit Costs of Production

question 23

Multiple Choice

If a firm experiences decreases in the per-unit costs of production as its network increases, then this firm is experiencing

• A)economies of scope.
• B)economies of scale.
• C)network externalities.
• D)differentiation.

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Definitions:

Esophagogastroduodenoscopy

A diagnostic procedure that allows a physician to inspect the inside of the esophagus, stomach, and initial part of the small intestine using a flexible tube with a light and camera.

Endoscopic Retrograde Cholangiopancreatography

A diagnostic and therapeutic procedure that combines endoscopy and fluoroscopy to examine and treat problems in the bile and pancreatic ducts.

Esophagus

The muscular tube connecting the throat (pharynx) to the stomach, responsible for moving swallowed food and liquids to the stomach through peristaltic movements.

Bronchoscopy

A procedure that allows doctors to look at the airway through a thin viewing instrument called a bronchoscope.