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Lacosta Sparks
on Nov 09, 2024

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The term economy of scale refers to which of the following?

A) Increasing costs through the production of larger quantities.
B) Decreasing costs through the production of larger quantities.
C) Decreasing costs through the production of smaller quantities.
D) Increasing costs through the production of smaller quantities.

Economy of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

  • Comprehend the concept of economies of scale.
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Jarain AlejoNov 12, 2024
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