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Central to the Concept of Economies of Scale Is the Idea

Question 31

Multiple Choice
Central to the concept of economies of scale is the idea that the best way to achieve high efficiency, and hence low unit costs, is through the

Central to the concept of economies of scale is the idea that the best way to achieve high efficiency, and hence low unit costs, is through the


A) customization of products for each individual market.
B) mass production of a standardized output.
C) production of goods that vary from one another.
D) production of small volumes of high-quality products.

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