In a company that is experiencing economies of scale,which of the following is true?

Name: In a company that is experiencing economies of scale,which of the following is true?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economies of scale occur when a company experiences a decrease in average total cost as it increases its level of output. This is due to the company enjoying cost advantages such as bulk purchasing, more efficient production processes, and spreading fixed costs over a larger output. Thus, choice A is the correct answer.

In a Company That Is Experiencing Economies of Scale,which of the Following