Because of economies of scale, increased market share automatically produce higher profits.

Name: Because of economies of scale, increased market share automatically produce higher profits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While increased market share can lead to lower costs due to economies of scale, it does not automatically result in higher profits. Profitability also depends on factors such as pricing strategies, competition, and operational efficiency.

Because of Economies of Scale, Increased Market Share Automatically Produce