Question: When the variable cost of a process exhibits a higher degree of economies of scale: Group of answer choices The fixed costs are more likely

When the variable cost of a process exhibits a higher degree of economies of scale:

Group of answer choices

The fixed costs are more likely to be equal to the variable costs

The breakeven is achieved earlier on the volume scale

The firm is always profitable over the product life cycle

The firm should have the most market share in that industry

The firm can become the most profitable one in that industry

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