Intra-industry trade provides a way to combine the lower average production costs that come from ________ and still have competition and variety in the market.

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12-07-2022
Business

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Intra-industry trade provides a way to combine the lower average production costs that come from ________ and still have competition and variety in the market.

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Tundexi Tundexi · Answer 1 · 2022-07-19T16:55:47+02:00

The combination the lower average production costs that come from economies of scale is provided by an Intra-industry trade and as well to have an competition and variety in the market.

What is an economies of scale?

This refers to a situation where the average costs per unit of output decrease with the increase in the scale of the output being produced by a firm.

Hence, the combination the lower average production costs that come from economies of scale is provided by an Intra-industry trade.