Question 1
The diamond/water paradox is only true in theory, but no real-world examples have yet to be discovered.
◦ true
◦ false
Question 2
Sources of external economies of scale include
◦ larger plant size that allows the plant to take advantage of technology.
◦ larger firm size that results in volume discounts.
◦ larger industry size results in lower production costs.
◦ All of these are correct.