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      Question

      We quite often use the term economies of scale. What

      does this mean?
      A Reduction in the unit cost of distribution Correct Answer Incorrect Answer
      B Increase in the unit cost of production Correct Answer Incorrect Answer
      C Addition to the unit cost of distribution Correct Answer Incorrect Answer
      D Reduction in the unit cost of production Correct Answer Incorrect Answer

      Solution

      Economies of scale means reduction in the unit cost of production.

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