With ______ returns to scale,production is most efficient if there is ______.
A) Decreasing; a single producer
B) Increasing; a large number of producers
C) Constant; a single producer
D) Increasing; a single producer

Question

Quizplus · Accepted Answer

With increasing returns to scale, production becomes more efficient as the scale of production increases, making a single, larger producer more efficient than multiple smaller ones.

With ______ Returns to Scale,production Is Most Efficient If There