All of the following,except one,are possible explanations for why large-scale operations may not be as important for firms in many industries in the future.
A) Economies of scale are becoming less important in some industries because of new technology.
B) Financial capital is now more readily available to small firms than it used to be.
C) Consumer demand is shifting towards more customized products.
D) Very large,established firms are often less flexible.
E) Small firms can advertise their products on TV for a per unit cost that is just as inexpensive as large firms.
Correct Answer:
Verified
Q88: Q89: The right size of firm is determined Q90: Both short-run and long-run costs will decrease Q91: What does MES refer to? Q92: A firm's economic capacity and its most Q94: Constant returns to scale is the situation Q95: Economies of scale are divided into those Q96: The long-run average cost curve declines continuously Q97: In what sense might a firm be Q98: A market can be too small if
A)The marginal efficient
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