The ability to spread fixed costs over a large volume,and the ability of large-volume producers to utilize specialized employees and equipment that are more productive than less-specialized employees and equipment,are both sources of:

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Economies of scale are unit cost reductions associated with a large scale of output.Economies of scale have a number of sources,including the ability to spread fixed costs over a large volume,and the ability of large-volume producers to utilize specialized employees and equipment that are more productive than less-specialized employees and equipment.

The Ability to Spread Fixed Costs Over a Large Volume,and