16-114 The above figures indicate that
A)there are significant economies of scale still present in the local markets.
B)there are significant diseconomies of scale still present in the local markets.
C)there are significant economies of scope still present in the local markets.
D)there are significant diseconomies of scope still present in the local markets.
E)there is not enough information to determine economies of scale or scope.

Question

Quizplus · Accepted Answer

The figures indicate that as the size of the firm increases, the average cost of production decreases, which suggests the presence of economies of scale.

16-114 the Above Figures Indicate That