Economies of scale are achieved as the result of ________ that creates unit cost reductions.
A) trade policies
B) increased tariffs
C) large scale output
D) diminishing returns
E) absolute advantages

Question

Quizplus · Accepted Answer

Economies of scale occur when increased production leads to lower costs per unit due to factors like spreading fixed costs over more units and operational efficiencies.

Economies of Scale Are Achieved as the Result of ________