Economies of scale occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.

Name: Economies of scale occur when the average unit cost of a good or service begins to increase as the capacity and/or volume of throughput increases.
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Question

Quizplus · Accepted Answer

Economies of scale occur when the average unit cost of a good or service decreases as the capacity and/or volume of throughput increases. Therefore, the statement in the question is incorrect.

Economies of Scale Occur When the Average Unit Cost of a Good