When the Number of Mega-Producers of Hobs That Operated at a Lower

question 104

Multiple Choice

When the number of mega-producers of hobs that operated at a lower average cost than smaller producers rose, the number of hogs slaughtered rose to record levels. What economic concept does this describe?

• A) Economies of scope
• B) Economies of scale
• C) Indivisible setup costs
• D) Minimum efficient production

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