Which of the following statements is true about economies of scale?
A) Economies of scale lead to an increase in the average unit cost of a product.
B) Attaining economies of scale increases a firm's profitability.
C) The ability to spread variable costs over a large volume is a source of economies of scale.
D) Economies of scale result due to the increase in the perceived value of a product.
E) Economies of scale refer to cost savings that come from learning by doing.
Correct Answer:
Verified
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