Economies of scale relates most closely to which of the following choices?
A) Goods can be produced and purchased more cheaply when they are mass produced.
B) Mass production allows a greater breadth and variety of goods to be manufactured and purchased.
C) Small firms can compete effectively with larger firms through specialization.
D) Different firms place different markups on products to achieve profitability targets.

Question

Quizplus · Accepted Answer

Economies of scale relates most closely to goods being produced and purchased more cheaply when they are mass produced.

Economies of Scale Relates Most Closely to Which of the Following