The decline in unit costs of a product that occurs as the absolute volume of production increases is known as

Name: The decline in unit costs of a product that occurs as the absolute volume of production increases is known as
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The decline in unit costs of a product as the absolute volume of production increases is known as economies of scale, not factor analysis, industry economies, or economies of scope, none of which are listed as options.

The Decline in Unit Costs of a Product That Occurs