Card 1 of 24
When a firm expands output, [ ] reduce long-run average cost, while excessive growth may cause diseconomies of scale to raise it.
A
economies of scope
B
barriers to entry
C
economies of scale
D
diseconomies of scale
Card 1 of 24
3.1.1 Sizes and types of firms Flashcards
24 flashcards on Edexcel A A Level Economics 3.1.1 Sizes and types of firms: the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3.