Problem
You learned about the Heckscher-Ohlin theory and economies of scale. In this problem, you will delve deeper into these topics as applied to an industry that you are likely familiar with. To complete this assignment, first read the following article: Marvasti, A. (2000, February). Motion pictures industry: Economies of scale and trade. International Journal of the Economics of Business, 7(1), 99-114. Then, compose an article critique that addresses the following components listed below.
a) Summarize the question the article is addressing and evaluate its findings.
b) Include an analysis in your summary of how the industry benefits from economies of scale, particularly external economies of scale.
c) Briefly explain the Heckscher-Ohlin theory. Appraise the assumptions of the Heckscher-Ohlin theory as applied to the motion picture industry. You may consider the two countries to be the United States and the rest of the world.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.