If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance or historical accident. Using an example you have learnt in class, do you agree or disagree with the above statement? Explain the above phenomena in no more than 150 words

If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance or historical accident. Using an example you have learnt in class, do you agree or disagree with the above statement? Explain the above phenomena in no more than 150 words

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 25RQ: In choosing a production technology, how will firms react if one input becomes relatively more...

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In choosing a production technology, how will firms react if one input becomes relatively more expensive?
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