________ Are Said to Exist When the Increase in Firm

question 97

Multiple Choice

________ are said to exist when the increase in firm size (measured in terms of volume of production) are associated with lower costs (measured in terms of average costs per unit of production) .

• A) Sustainable competitive advantages
• B) Economies of scale
• C) Temporary competitive advantages
• D) Economies of scope

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Definitions:

Geographic Region

A specific area or division on the Earth's surface characterized by unique physical, political, or cultural traits.

Projects

Unique, temporary endeavors undertaken to create a product, service, or result with specific objectives that must be accomplished within set parameters of time, budget, and resources.

Products

Goods or services offered by a company to customers.