The advantage of specialization in production is one of the primary reasons for decreasing returns to scale.True

Name: The advantage of specialization in production is one of the primary reasons for decreasing returns to scale.True
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Decreasing returns to scale occur when increasing inputs leads to a less than proportional increase in output, often due to inefficiencies, not specialization. Specialization typically leads to increasing returns to scale.

The Advantage of Specialization in Production Is One of the Primary