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Dmitry_Shevchenko [17]
3 years ago
10

The United Kingdom started regulating the size of grocery stores in the early​ 1990s, and​ today, the average size of a typical

UK grocery store is roughly half the size of a typical U.S. store and​two-thirds the size of a typical French store​ (Haskel and​ Sadun, 2011).  
What implications would such a restriction on size have on a​store's average costs. Discuss in terms of economics of scale and scope.

A. Grocery store size does not affect the​ long-run average cost of production if there are economies of scale.

B. The​ long-run average cost of production for U.K. grocery stores is lower if there are no economies of scale.

C. The​ long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

D. The​ long-run average cost of production for U.K. grocery stores is higher if there are diseconomics of scale.
Business
1 answer:
Svetradugi [14.3K]3 years ago
0 0

Answer:

C. The​ long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

Explanation:

The diseconomy of scale is called the effect that occurs in the costs of a given production. These effects generate increasing costs for the company for each unit of product that is manufactured. Specifically and technically, a diseconomy of scale occurs when a percentage increase in production is less than the percentage increase in inputs.

Since the size of the grocery stores decreases, the average costs decreases. So, The​ long-run average cost of production is lower when there are diseconomics of scale.

Hope this helps.

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