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All main topics / Economics / History of Economics / Econ 2200 Exam 2
26
Economies of scale provided for growth in big business with specialization of trade and mass production.  Most firms also found that as         A         increases, average cost decreases.  So there is a potential for more profit by          B                            (2 words).
A. output
B. getting bigger
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Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010

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