True/False
With economies of scale, specialization in a few products allows a manufacturer to benefit from longer production runs, which lead to decreasing average cost.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q30: The theory of overlapping demands asserts that
Q31: Boeing Inc.has criticized The Airbus Company's competitiveness
Q32: According to the factor-endowment theory, a country
Q33: The Leontief paradox questioned the validity of
Q34: Which theory suggests that factor (resource) endowments
Q36: Assume that the United States is relatively
Q37: For the United States, empirical studies indicate
Q38: Industrial processes that add weight or bulk
Q39: Most theories dealing with the principle of
Q40: Intra-industry trade in differentiated products can be