Because the size of the market increases when trade barriers fall, companies can increase their production, which will result in lower costs per unit. This phenomenon is known as ________.
A) trade creation
B) economies of scale
C) diseconomies of scale
D) increased competition
Answer: B) economies of scale
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.