One of the reasons why economies of scale exist is that the opportunity for labor specialization increases as the size of the firm grows.

Question

Quizplus · Accepted Answer

As the size of the firm increases, there are more job positions available and the work is divided among them. Specialization allows workers to become more efficient at their singular tasks, which ultimately leads to a more productive workplace. This is one way that economies of scale can be achieved.

One of the Reasons Why Economies of Scale Exist Is