Q1446
Under which of the following situations, economies of scale exists to the potential and persists?
A.
When firm is too small and too specialized
B.
When firm's decision to hire inputs do not result in an increase in the input costs
C.
When firm is too large and overdiversified
D.
When long-run cost of producing a unit falls as the output increases
AnswerAnswer: Option D
Solution
Answer: Option D
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