Q15 and Q16Thank you!

15. When economies of scale originate from factors such as the existence of specialized suppliers, labor market pooling and knowledge spillovers, the industry a. exhibits Increasing prices as it gains power in export markets. b. is composed of firms that are clustered in a specific location. c. becomes less competitive as it expands d. performance in export markets can not be explained by factors affecting comparative advantage such as factor abundance. 16. In the case of forward falling supply curve, which of the following is NOT CORRECT? a. Factors creating the forward falling supply are internal to the firm b. The larger the industry output, the lower the Industry's costs . The larger the industry output, lower the price firms are willing to sell. d. The market equilibrium occurs where AC curve intersects the deniand curve