ECONOMIES OF SCALE
ECONOMIES of scale refers to the reduced price per unit that arises from the increased total output of the product.
ECONOMIES of scale is an economic term that describes competitive advantage that large entities have over small entities
EXAMPLE-- A restaurant kitchen explains how ECONOMIEs of scale are limited. More cooks in a small space get into each other's way .
ECONOMIES of scale refers to the reduced price per unit that arises from the increased total output of the product.
ECONOMIES of scale is an economic term that describes competitive advantage that large entities have over small entities
EXAMPLE-- A restaurant kitchen explains how ECONOMIEs of scale are limited. More cooks in a small space get into each other's way .
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