Quiz: Economies of Scale and Why Average Costs Fall
iGCSE Business Studies [Edexcel]
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Welcome to this personalised quiz on economies of scale! These questions are designed to challenge you and deepen your understanding of why average costs fall as businesses grow. Let’s get started!
What is an economy of scale?
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Which of the following are examples of internal economies of scale? (Select all that apply)
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Diseconomies of scale occur when a business grows too large and its average costs start to {{blank0}}.
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Match the items on the left with their correct pairs on the right
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Which of the following best explains external economies of scale?
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Economies of scale can make a business more {{blank0}} in the market, enabling it to lower prices and still maintain {{blank1}} margins.
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Match the items on the left with their correct pairs on the right
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