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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
B. getting bigger
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010