Economies of scale refers to:
A)Advantages resulting from large scale production
B)Disadvantages resulting from large scale production
C)Advantages resulting from the increase in the number of consumers
D)All of the above

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Economies of Scale Refers To