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Basic Question 9 of 10
If an industry enjoys economies of scale, its ______ tend to be positively correlated with its sales levels.
II. gross margin.
III. operating margin.
I. average cost.
II. gross margin.
III. operating margin.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
evaluate whether economies of scale are present in an industry by analyzing operating margins and sales levels;
demonstrate methods to forecast cost of goods sold and operating expenses;
demonstrate methods to forecast nonoperating items, financing costs, and income taxes;
CFA® 2024 Level II Curriculum, Volume 2, Module 17.