Consider two mutual funds, A and B$.$ While each mutual fund generates a return of $7\mathrm{.}9\%,$ they have different expense ratios. Mutual fund A has an expense ratio of $3\mathrm{.}0\%,$ while mutual fund B has an expense ratio of $27\mathrm{.}0\%.$

Mutual fund A generates an actual return of

$\%($net of expenses$),$ while mutual fund B generates an actual return of

$\%($net of expenses$).$ All else equal, the difference in actual returns $($net of expenses$)$ between the two mutual funds will for longer time horizons.

True or False: Some large mutual funds have increased their expense ratios despite opportunities to capitalize on economies of scale.

True

False