Economies of scale
A)set in as soon as diminishing marginal physical productivity is experienced
B)are usually considered to be a phenomenon of the long run
C)are not always available in the short run
D)help ensure that industries will be competitive rather than monopolized

Question

Quizplus · Accepted Answer

Economies of scale are typically associated with the long run because they involve changes in the scale of production that cannot be achieved in the short run, such as building new facilities or investing in more efficient technology.

Economies of Scale