Which Economic Concept Explains Why a Large Drugstore Chain Can

question 70

Multiple Choice

Which economic concept explains why a large drugstore chain can produce at a lower average cost than Whoville Pharmacy, an individually owned drugstore?​

• A)Increasing marginal returns
• B)Diminishing marginal returns​
• C)Economies of scale​
• D)Diseconomies of scale​
• E)Constant returns to scale​

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Definitions:

Synthesizes

The process of combining various elements, ideas, or information to form a coherent whole, often leading to new understanding or creation.

Predictive Factor

A characteristic or variable that can be used to forecast or estimate an outcome.

Aggression

A range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.

Violent Behavior

Acts characterized by physical force with the intent to harm, damage, or violate another being or object.