Why has there not been a successful new american auto manufacturing firm formed in over 80 years?
a.
the economies of scale in the auto industry make it almost impossible for a new firm to gather enough financial capital to be successful.
b.
the federal government's auto safety laws forbid new and inexperienced companies from making cars.
c.
americans are uninterested in buying cars from new and inexperienced companies.
d.
the diseconomies of scale guarantee that any new firm would lose large sums of money if they tried to compete in the auto manufacturing sector.