Most studies of firms long run costs have found that, Ask an Expert

Economics

Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (economies of scale), such as for automobile firms. However, trucking (haulage) firms appear not to experience falling average costs associated with large-scale operations. Why might this be the case?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9515072

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