Economies of scale suggest that products will have a lower per unit cost.

Name: Economies of scale suggest that products will have a lower per unit cost.
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Question

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Economies of scale refer to the cost advantages that arise when production increases, leading to a decrease in the average cost of production per unit. This means that as the quantity produced increases, the cost per unit decreases, resulting in a lower overall cost of production.

Economies of Scale Suggest That Products Will Have a Lower