One cause of the emergence of the giant corporation is economies of scale which means

Name: One cause of the emergence of the giant corporation is economies of scale which means
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Question

Quizplus · Accepted Answer

Economies of scale refer to a situation where the average cost per unit of output decreases with the increase in the scale of production. This means that as the firm grows bigger, its fixed costs can be spread over a larger production volume, resulting in lower costs per unit. Therefore, choice B is the correct answer.

One Cause of the Emergence of the Giant Corporation Is