The experience curve is most important in analyzing industries with low fixed costs.

Question

Quizplus · Accepted Answer

The experience curve is most important in analyzing industries with high fixed costs, as this allows for economies of scale to be recognized as production volume increases. As more units are produced, the fixed costs can be spread out over a larger number of units, leading to lower average costs per unit. Therefore, it is incorrect to say that the experience curve is most important in analyzing industries with low fixed costs.

The Experience Curve Is Most Important in Analyzing Industries with Low