ch 7 Flashcards
(6 cards)
1
Q
what are the differences between internal and external economies of scale? What the implications?
A
2
Q
what are the factors that produce external economy of scale?
A
3
Q
Show how increased demand lower prices and why market integration makes sense
A
4
Q
Show the importance of enstablished advantage and possible ineffciencies
A
5
Q
when could it make sense to shut down trade
A
6
Q
What do we mean by increasing dymaic return? what does it imply
A
