What is the relationship between economies of scale and intra-industry trade? Group of answer choices Intra-industry trade brings competition and diverse products to markets where economies of scale would otherwise promote fewer firms and fewer product options Intra-industry trade reduces competition and product variety in markets where economies of scale would otherwise promote competition and diverse products.
What is the relationship between economies of scale and intra-industry trade? Group of answer choices Intra-industry trade brings competition and diverse products to markets where economies of scale would otherwise promote fewer firms and fewer product options Intra-industry trade reduces competition and product variety in markets where economies of scale would otherwise promote competition and diverse products.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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What is the relationship between economies of scale and intra-industry trade?
Group of answer choices
Intra-industry trade brings competition and diverse products to markets where economies of scale would otherwise promote fewer firms and fewer product options
Intra-industry trade reduces competition and product variety in markets where economies of scale would otherwise promote competition and diverse products.
As average total cost increases, intra-industry trade increases
As average total cost decreases, intra-industry trade decreases.
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