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: This region is one of the world's premier natural showcases for Earth history. These rocks formed deep beneath the surface of the earth and were uplifted, eroded, and exposed for eons. By 600 million years ago North America had been eroded to a remarkably smooth surface.
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Having more oil than water can majorly affect the country because - as we already know - oil is very damaging to the environment if mishandled, however, it brings in a pretty hefty profit. Although it brings in money, water is more important. That brings us to the answer to our question: Having more oil than water affects the way that the countries economy functions because the less water you have, the more the people of the country are effected and the more that the countries economy is damaged (this means that people are then being negatively effected and this can cause everything to fall apart).
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