Allowing producers access to larger international markets facilitates the attainment of scale economies.

Question

Quizplus · Accepted Answer

When producers have access to larger international markets, they can increase their production and sales, which can lead to the achievement of scale economies. This is because as production increases, unit costs tend to decrease, and the fixed costs of production can be spread over a larger output. Therefore, producers can benefit from greater efficiency, productivity, and profitability by accessing larger international markets.

Allowing Producers Access to Larger International Markets Facilitates the Attainment