The Main Sources of Economies of Scale Are

question 73

Multiple Choice

The main sources of economies of scale are

• A) increasing marginal cost and decreasing marginal product.
• B) specialization of resources such as labor and capital.
• C) caused by the difficulty of coordinating and controlling large enterprises.
• D) decreasing marginal cost and increasing marginal product.
• E) an increase in a firm's bargaining power to lower the wage rate and the cost of capital as the firm's output increases.

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Current Leader

The individual who holds the highest position or authority in an organization, country, or another type of entity at the present time.

Power Elite

A relatively small group of people in the top ranks of economic, political, and military institutions who make many of the important decisions in American society.

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Commercial organizations that are privately owned and operated, as opposed to being owned by the government.

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