All else equal, firms with a few large plants are more likely to have lower average costs than firms with many small plants.

Name: All else equal, firms with a few large plants are more likely to have lower average costs than firms with many small plants.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Large plants often benefit from economies of scale, allowing them to produce at a lower average cost per unit compared to small plants. This can lead to lower overall costs for firms with fewer, larger plants.

All Else Equal, Firms with a Few Large Plants Are