A large domestic market such as in the United States makes it possible for U.S. companies to enjoy _________________ in mass production and mass marketing,
Enabling them to become lower cost producers than their competition in foreign
Countries.

Question

Quizplus · Accepted Answer

Economies of scale refer to the cost advantages that a company can achieve by increasing production. In a large domestic market like the United States, companies can produce and sell goods at a larger scale, which results in lower costs per unit. This allows them to offer their products at a lower price than their competitors in foreign markets, giving them a competitive advantage.

A Large Domestic Market Such as in the United States