One Reason Why Economies of Scale Drive Down Cost Is

question 117

True/False

One reason why economies of scale drive down cost is the spreading of fixed costs.

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Definitions:

Tariff

A tax imposed by a government on imported goods, typically to protect domestic industries or to generate revenue.

Domestic Consumers

Persons or households in a nation acquiring goods and services for individual consumption.

Surplus

An excess of what is needed, often referring to goods, funds, or resources beyond what is used.

Tariff

A levy placed by the government on goods being imported or exported.