Economies of scale means that competition is unsustainable because:

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantage that a firm enjoys as it increases its production output. As the scale of production increases, the average cost of producing a good or service decreases. This allows a large-scale firm to produce goods at a lower cost than several smaller firms, making it difficult for smaller firms to compete. Therefore, the correct answer is C.

Economies of Scale Means That Competition Is Unsustainable Because