If your firm is experiencing economies of scale, you should consider expanding current output levels.

Name: If your firm is experiencing economies of scale, you should consider expanding current output levels.
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Question

Quizplus · Accepted Answer

Economies of scale occur when the average cost of production decreases as the firm increases output. Therefore, it can be beneficial for the firm to expand current output levels to take advantage of these cost savings.

If Your Firm Is Experiencing Economies of Scale, You Should