Economies of scale
economy of scale Economies of scale serve as a potent tool for firms to gain cost advantages and expand their market presence The benefits include reduced per-
pgsoft login The left-hand portion of the long-run average cost curve, where it is downward-sloping from output levels Q1 to Q2 to Q3, illustrates the case of economies of
Economies of scale provide larger companies with a competitive advantage over smaller ones, because the larger the business, the lower its per-unit costs