The Most Likely Explanation for Economies of Scale Is

question 7

Multiple Choice

The most likely explanation for economies of scale is

• A)coordination problems.
• B)specialization of labor.
• C)increasing marginal cost.
• D)decreasing marginal cost.

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Definitions:

Contract

A legally binding agreement between two or more parties with mutual obligations.

Void

Describes a contract or legal agreement that lacks validity and enforceability from the outset.

Economic Duress

Coercion involving threats to a person’s business or financial condition that compel the person to act against their will in entering a contract.

Voluntary Choice

The concept of making decisions freely, without coercion, often discussed in contexts of contract law and ethics.