Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Economies of scale are achieved as the result of _____ that creates unit cost reductions. A - large scale output B - trade policies C

Economies of scale are achieved as the result of _____ that creates unit cost reductions.

A - large scale output

B - trade policies

C - diminishing returns

D - absolute advantages

E- increased tariffs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: Paul Krugman, Robin Wells

4th Edition

1464110379, 9781464110375

More Books

Students also viewed these Economics questions