DocMCQs Educational Banner

What happens when an industry operates beyond the optimum level of production?

A. It maximizes profits
B. It achieves economies of scale
C. It faces diminishing returns and inefficiency
D. It experiences rapid growth
Correct Answer: C. It faces diminishing returns and inefficiency
Explanation: Why? Going beyond the optimum scale increases costs and reduces efficiency due to diseconomies of scale.

Leave a Comment

Your email address will not be published. Required fields are marked *

Join Our WhatsApp Channel ×
Scroll to Top