What Does "Asset Mass Efficiencies" Mean for a Firm

question 45

Multiple Choice

What does "Asset mass efficiencies" mean for a firm?

• A)A firm should try to corner the market in a scarce resource.
• B)A strong initial position for a specific resource facilitates the subsequent accumulation of more of that resource
• C)It means the achievement of economies of scale through selling to a mass-market.
• D)For the same resource, a larger amount is always more productive and efficient than a smaller one

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Definitions:

Firms

Businesses or enterprises that engage in commercial, industrial, or professional activities, whether for profit or not.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Individuals

Single human beings, as opposed to groups or organizations, considered as single entities.

Marginal Benefits

The additional benefits received from the consumption of one more unit of a good or service.