Question: Cloud you please answer the question 1, thanks! Question 1 (1 point) Which of the following best describes external economies of scale? industry-level cost per

Cloud you please answer the question 1, thanks!

Question 1 (1 point) Which of the following best describes external economies of scale? industry-level cost per unit of output is falling as industry-level output increases O comparative advantage further reduces the cost to produce a unit of output per firm cost per unit of output is falling within a firm as that firm produces more output producing heavier goods is cheaper when done outside

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