Company P is a large manufacturer of furniture. The company's machine operation, labor, marketing, and sales costs are divided among a large number of products. This gives Company P an advantage because it can sell similar furniture at lower prices than small and mid-sized furniture companies. This illustrates Company P's competitive advantage is due to its 

a. economies of scale. 

b. learning-curve effects. 

c. time compression economies. 

d. superior customer service.

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The detailed answer for the above question is provided below The correct answer is a Economies of sc... View the full answer