Small companies can take advantage of economies of scale better than large firms.

Name: Small companies can take advantage of economies of scale better than large firms.
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Question

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Economies of scale refer to cost savings that large firms can achieve due to their size and volume of production. Small companies may not have the same resources and bargaining power as larger firms, which can limit their ability to take advantage of economies of scale.

Small Companies Can Take Advantage of Economies of Scale Better