The Term "Economies of Scale" Means That

question 305

Multiple Choice

The term "economies of scale" means that:

• A) The largest producers are always the most efficient.
• B) The cost of a product goes down as a company produces larger numbers of it.
• C) The more one produces, the greater the profit.
• D) It is more efficient for an economy to have a large number of transactions.
• E) None of the above.

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