The statement that companies benefit from economic integration by centralizing their production and reducing costs is True.
This means a reduction of a variety of trade barriers by two or more states in a widely defined geographic area in order to promote or safeguard a number of economic objectives.
Economic integration offers businesses the chance to consolidate production, cut costs, and other advantages. Businesses can treat a group of integrated countries as a single market and manufacture standardized products for it after barriers to trade and investment are eliminated.
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