An economics illiterate friend of yours with great technical knowledge in space exploration wishes to start a new compan

[answerhappygod]

An economics illiterate friend of yours with great technical
knowledge in space exploration wishes to start a new company in her
area of expertise. After reading a do-it-yourself entrepreneur
manual she finds out that the basic blueprint for a company’s
profitability and survival involves three elements. (A) Find a
starting niche from which the firm can expand. (B) Produce the
product at scale (C) Create a sales-and-distribution network Which
of the following statements provides the economic rationale for
which stage in the above sequence? 1. Minimisation of fixed costs
of production 2. Gaining access to stock exchange finance 3.
Exploitation of monopoly power to earn economic profits 4.
Reduction of average cost of production 5. Securing long-run lease
for the premises of the company 6. Obtaining government subsidies
7. Reduction of transaction costs 8. Minimisation of profit tax