Economies of Scale: On page 145 of our textbook, we read "In evaluating the economies-of-scale argument for market power, then, we must recognize that efficiency and size do not necessarily go hand in hand." This statement is true for not just companies in monopoly markets, but any market. Just because a company is large, does not guarantee that it will be more efficient. In truth, despite ongoing changes and "improvements" by different leadership teams, many large companies will constantly battle inefficient processes internally... and many will never win. "The nature of the beast", as the saying goes. In a brief paragraph talk about different problems that a large company may have that could / would slow down production or create other problems in the business. In another brief paragraph talk about comparing what advantages a smaller firm may have that could / should provide more efficient production and reduce other problems in the business.