The long- run market supply curve in the presence of internal economies of scale is ,and in the presence of external economies of scale,it is .
A) horizontal; upward sloping
B) downward sloping; downward sloping
C) upward sloping; downward sloping
D) downward sloping; horizontal
E) upward sloping; horizontal
Correct Answer:
Verified
Q2: The existence of internal economies of scale
A)is
Q3: Internal economies of scale arise when the
Q4: External economies of scale will average cost
Q5: If the firms in a market have
Q6: If a firm's output less than doubles
Q7: One advantage of the specialization that results
Q8: Internal economies of scale will average cost
Q9: If output is increased in the long
Q10: External economies of scale often arise because
Q11: When there are external economies of scale,an
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