A source of increasing returns to scale is:
A)less specialized inputs.
B)less investment in technology.
C)simultaneous consumption.
D)the labour-force participation rate.

Question

Quizplus · Accepted Answer

Simultaneous consumption occurs when multiple consumers can use the same product or service at the same time without diminishing its value. This can lead to increasing returns to scale because the producer can benefit from economies of scale in production while serving multiple customers simultaneously, resulting in lower costs per unit and higher profit margins.

A Source of Increasing Returns to Scale Is