The larger the market, the higher the costs of technological progress.

Name: The larger the market, the higher the costs of technological progress.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is not necessarily true. While it may be more expensive to implement technological progress on a larger scale, economies of scale can also come into play, reducing costs. Additionally, some technological progress may actually reduce costs in large markets by increasing efficiency or reducing waste.

The Larger the Market, the Higher the Costs of Technological