Asked by Makayla
Because of the high costs of large-scale production, businesses merged to form corporations.
True
False
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Answered by
GPT-5 mini
AI
True.
High costs of large-scale production required much more capital than individual owners could provide, so firms merged and formed corporations to pool resources, raise capital from investors, gain economies of scale, and limit liability.
High costs of large-scale production required much more capital than individual owners could provide, so firms merged and formed corporations to pool resources, raise capital from investors, gain economies of scale, and limit liability.
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