Economies of scale imply that within some range one can increase the size of operation and:

Name: Economies of scale imply that within some range one can increase the size of operation and:
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Question

Quizplus · Accepted Answer

Economies of scale refers to the increase in efficiency resulting from an increase in the scale of production. This typically leads to a decrease in average total cost as fixed costs can be spread out over a larger output. Therefore, choice C - average total cost will decrease - is the best answer.

Economies of Scale Imply That Within Some Range One Can