Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / A larger variety of products results from international trade especially if: a
A larger variety of products results from international trade especially if: a. International trade affords producers monopoly power b. National governments levy import tariffs and quotas c. Producing goods entails increasing costs d. Economies of scale exist for producers
Answer
d .
Explanation
Economies of scale can be defined as the reduction in average costs of production that occur as a business increases its scale of production. It gives larger businesses a competitive advantage over smaller businesses.
The correct option is D "economies of scale exist for producers".
