Q.
Who amongst the following economists gave the concept of ‘economies of scale’, which says ‘many goods and services’ can be produced more cheaply in long series?
[A]
Paul Krungman
[B]
Edmund S Phelps
[C]
Gary S Becker
[D]
Amartya Sen
[E]
Edward C Prescott
Answer & Explanation
Option: [A]