A feature of imperfect competition is <u>economies of scale</u>, which means that as the firm expands its production, average costs of production fall. Therefore, the firm can <u>decrease</u> its costs of production by selling internationally.
Answer:
First statement
Explanation:
A group is said to be a set of people ,together or working together to achieve a goal, so for there to exist a group, there must a goal to achieve. This is why a group maintenance in project management is exhibited by a project manager when he works with his subordinate to understand there problem so that it doesn't affect the project deliverables.
The relationship between the prices of apple and demand is : <u>A Negative correlation </u>
<h3>Negative correlation </h3>
A negative correlation occurs when an increase in one variable leads to a decrease in value of the other variable.
As the price of goods and service go up in the open market, the demand for the goods and services goes down, this kind of relationship is known as an Negative correlation.
For Kelvin to have an increase in demand he must decrease the price of the apples.
Hence we can conclude that The relationship between the prices of apple and demand is a<u> Negative correlation </u>
Learn more about Negative correlation : brainly.com/question/16913516
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The four main elements of the human body are oxygen, hydrogen, carbon, and nitrogen.
