Economies of scale are decreases in per-unit cost of production resulting from increasing output.

Name: Economies of scale are decreases in per-unit cost of production resulting from increasing output.
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Economies of scale occur when a company's production increases, leading to a decrease in the per-unit cost of production. This is because fixed costs are spread over a larger number of goods, and operational efficiencies are often achieved with higher output levels.

Economies of Scale Are Decreases in Per-Unit Cost of Production