Gains from learning effects continue to grow after startup; economies of scale efficiencies decline as the business grows.

Name: Gains from learning effects continue to grow after startup; economies of scale efficiencies decline as the business grows.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Learning effects tend to diminish over time as the workforce becomes more efficient and there are fewer improvements to be made, while economies of scale suggest that efficiencies increase as the business grows, up to a point.

Gains from Learning Effects Continue to Grow After Startup; Economies