Byrd Vaughan
07/31/2024 · Senior High School
Economies of scale' refers to: a. The reallocation of labour from less productive to more productive uses. b. Public investments in highways, schools, utilities etc. c. The notion that small firms are less bureaucratic and, therefore, more efficient than corporations. d. The fact that large producers may be able to use more efficient technologies.
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Economies of scale mean large producers can use more efficient technologies.
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