Sources of ________ include larger industry size resulting in lower production costs.
A) external diseconomies of scale
B) internal diseconomies of scale
C) external economies of scale
D) internal constant returns to scale

Question

Quizplus · Accepted Answer

External economies of scale occur when a company benefits from the overall growth of its industry, leading to lower production costs due to factors such as improved technology, infrastructure, or a skilled labor pool that all firms in the industry can access.

Sources of ________ Include Larger Industry Size Resulting in Lower