An expansion path shows
a. the returns to scale at each level of output.
b. the least-cost combination of inputs for each level of output.
c. the level of sales necessary for a firm if it wants to expand.
d. the level of long-run average cost at different scales of

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm