Which of the following is defined as a merged firm's advantage over smaller firms if cuts associated with the merger lower the firm's operating costs of production?
A) Economies of scale
B) Economies of scope
C) Economies of synergy
D) X-efficiencies

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Which of the Following Is Defined as a Merged Firm's