In recent years, the number of farms has fallen while the average farm size has increased. What concept may explain this phenomenon?
A) diminishing marginal returns
B) declining productivity
C) diseconomies of scale
D) economies of scale
E) good weather in midwestern states

Question

Quizplus · Accepted Answer

Economies of scale explain how larger farms can reduce costs per unit through increased production, leading to fewer but larger farms.

In Recent Years, the Number of Farms Has Fallen While