Asked by
Julia Bartels
on Oct 08, 2024Verified
In which of the following industries are economies of scale exhausted at relatively low levels of output?
A) Aircraft production.
B) Automobile manufacturing.
C) Concrete mixing.
D) Newspaper printing.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, typically resulting in the reduction of cost per unit.
Aircraft Production
The process and industry involved in designing, manufacturing, and assembling aircraft.
Newspaper Printing
The process of mass-producing copies of a newspaper document, whereby the news and other data are printed onto papers.
- Recognize the implications of scale economies on industry structure and market competition.
Verified Answer
WG
Learning Objectives
- Recognize the implications of scale economies on industry structure and market competition.