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:

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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 mass production of a standardized output. The trade-off implicit in this idea is between unit costs and product variety.

Central to the Concept of Economies of Scale Is the Idea