Introduction to Economics 1 Deneme Sınavı Sorusu #1274519

Factors outside the control of a firm that raise the firm`s costs as the market output increases are called:


External economies.

External diseconomies.

Internal economies.

Internal diseconomies.

Excess economic losses.


Yanıt Açıklaması:

External diseconomies are factors outside the control of a firm that raise the firm`s costs as the market output increases. For example, suppose that a new firm`s entry increases the demand for labor. The average wage level will rise and existing firms must pay more in wages which will increase the average cost.

Yorumlar
  • 0 Yorum