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When do economies and diseconomies of scale arise?
A
Only when fixed costs rise while variable costs remain unchanged.
B
Only in the short run, when at least one factor of production is fixed.
C
Only in the long run, when every factor of production and plant size can vary.
D
In both the short run and long run, whenever output increases.
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3.3.3 Economies and diseconomies of scale Flashcards
20 flashcards on Edexcel A A Level Economics 3.3.3 Economies and diseconomies of scale: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.