Which of the following theories states that in those industries where

QUESTION

Which of the following theories states that in those industries where the output required to attain economies of scale represents a significant proportion of total world demand, the global market may be able to support only a small number of enterprises?

A. Heckscher-Ohlin

B. Comparative advantage

C. Product life-cycle

D. New trade

E. Absolute advantage

ANSWER

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