The fact that a large company can enjoy savings from producing goods in high volume that are not available to a small company is called

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Economies of scale refer to the cost advantages that a company can achieve by increasing its production output. This is possible due to the fact that fixed costs are spread over a larger number of units produced, resulting in lower average costs. Large companies can take advantage of economies of scale due to their ability to produce goods in high volume, which allows them to spread fixed costs over a larger number of units produced. Small companies, on the other hand, are not able to achieve the same level of cost savings due to their limited production output.

The Fact That a Large Company Can Enjoy Savings from Producing