Increasing returns to scale arise because as the scale of operation increases it causes
A. more division of labour and specialisation
B. productive utilisation of machinery
C. lower procurement and logistic costs
D. more difficulties in managing firm effectively
E. more economies in advertising
Choose the correct answer from the options given below:
1
A, B and C only
2
C, D and E only
3
A, B C and D only
4
A, B, C and E only