Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

Earnings in industry X are much higher than in industry Y. What might account for this difference?

  • AWorkers in industry Y are highly mobile.
  • BTrade union organisation in industry Y is relatively strong.
  • CIndustries X and Y compete with each other for workers.
  • DIndustry Y has non-monetary advantages.

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