Over the past twenty years, the number of small family farms has fallen significantly and in their place there are fewer, but larger, farms owned by corporations.Which of the following best explains this trend?
A)diseconomies of scale in farming
B)economies of scale in farming
C)diminishing returns to labor in farming
D)declining productivity

Question

Quizplus · Accepted Answer

Economies of scale in farming allow for larger farms to produce at a lower cost per unit, making it difficult for smaller family farms to compete. As a result, corporations are able to consolidate smaller farms and create larger, more efficient operations.

Over the Past Twenty Years, the Number of Small Family