One of the outcomes of specialization is that it leads to _____, which _____ the average cost of production.
A) smaller-scale production; lowers
B) smaller-scale production; raises
C) larger-scale production; raises
D) larger-scale production; lowers

Question

Quizplus · Accepted Answer

Specialization leads to larger-scale production, which allows for economies of scale to be realized, leading to lower average costs of production.

One of the Outcomes of Specialization Is That It Leads