ow can economies of scale help explain the existence of financial intermediaries?
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Solution 1
Economies of scale refer to the cost advantages that businesses obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale. Financial intermediaries, such as banks, credit unions, and insurance companies, exist in part because they can take advant Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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ow can economies of scale help explain the existence of financial intermediaries?
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