When Economies of Scale Are Large, Firms Can Reduce Their

question 104

Multiple Choice

When economies of scale are large, firms can reduce their average total cost by

• A)selling off their subsidiaries.
• B)merging into an even larger firm.
• C)eliminating the bureaucratic costs.
• D)hiring professional managers.

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Definitions:

Social Circles

Groups of socially interconnected people, often sharing similar interests or social status.

Healthy And Active

A lifestyle characterized by regular physical activity and a nutritious diet to maintain overall well-being.

Flight-Or-Fight Response

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival, preparing the body to either confront or flee the situation.

Adaptive Benefits

Refers to the positive traits or behaviors that have evolved in an organism to enhance its survival and reproduction in its environment.