The Main Source of Economies of Scale Is

question 4

Multiple Choice

The main source of economies of scale is

• A) better management.
• B) constant returns to plant size.
• C) specialization.
• D) long-run cost curves eventually sloping downward.
• E) increases in the labor force not matched by increases in the plant size.

---

Definitions:

Nonpayment

The failure to fulfill a financial obligation or to settle a debt within the stipulated time.

Indemnified

Protected against loss or damage; legally exempted from liability for harm or loss.

Liability Insurance

A type of insurance coverage that protects an individual or entity from claims initiated by another party regarding injury or damage.

Representative Capacity

Acting on behalf of another person or entity in a legal or official context.