Question

Firms operating in industries where economies of scale are common will likely see ________ levels of labor productivity from their workforce compared to firms in industries where economies of scale aren't obtainable.

Answer 1

Answer:

The correct word for the blank space is: higher.

Explanation:

Economies of Scale is a key concept for any business in any industry. It is also important for consumers trying to understand why smaller businesses may have to charge more for similar products made by larger companies. Overall, economies of scale mean that production becomes more efficient as the number of goods being produced increases.