Question

question 10 points 1 choose the correct answer. economies of scale means . world markets are impacted by changes in market price large firms may be more efficient in producing the most good or service for the least cost monopolies producing goods and services for a market with fixed prices industry dominated by a few suppliers who exercise some control over price and quantity supplied questions 9/10 answered reset reset button will be enabled after completing this assessment. 0/2 available

Explanation:

Economies of scale refer to the cost - advantages that enterprises obtain due to their scale of operation, with the most common being lower unit costs as output increases. Larger firms can often produce more efficiently and at a lower cost per unit.

Answer:

Large firms may be more efficient in producing the most good or service for the least cost.