Economies of scale is an example of: consumer surplus. a natural barrier. rent-seeking a government-created barrier.
Economies of scale is an example of:
consumer surplus.
a natural barrier.
rent-seeking
a government-created barrier.
Homework Answers
Ans) Economies of scale take place when, due to mass production, per unit cost of production decreases. It is generally a characteristic of monopoly and is an example of a natural barrier. Because mass production reduces the per unit cost of a product and if rival enters the market, it will not be possible.
(Natural barrier is a barrier which occurs due to particular market characteristics).
Option b.
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Economies of scale is an example of:
consumer surplus.
a natural barrier.
rent-seeking
a government-created barrier.
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