One of the reasons why economies of scale exist is that the opportunity for labor specialization tends to increase as the size of the firm grows.
Indicate whether the statement is true or false.
Answer: True.
Economics
You might also like to view...
Year 2 nominal GDP is
A) $200. B) $270. C) $310. D) $390.
Economics
The expected rate of return from a share of stock consists of:
a. a dividend return b. capital appreciation (or depreciation) c. interest d. a and b only e. a, b, and c
Economics
Under what circumstances do firms in a balanced oligopoly arrive at a Nash equilibrium outcome?
Economics
Marginal utility can fall even as total utility from the consumption of a good is rising
a. True b. False Indicate whether the statement is true or false
Economics