Economies of scale are unit cost reductions associated with a large scale of output.

Name: Economies of scale are unit cost reductions associated with a large scale of output.
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Economies of scale occur when the cost per unit of output decreases as the scale of production increases. This is because fixed costs are spread over a greater number of units, and there may be opportunities for specialization, bulk purchasing, or technological efficiencies.

Economies of Scale Are Unit Cost Reductions Associated with a Large