In which of the following industries are economies of scale exhausted at relatively low levels of output?

Question

Quizplus · Accepted Answer

Concrete mixing is a labor-intensive process that requires little capital investment. As a result, its economies of scale are exhausted at relatively low levels of output. The other industries listed typically require high levels of capital investment, which leads to greater economies of scale at higher levels of output.

In Which of the Following Industries Are Economies of Scale