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1. Economies of Scale Consider the following table of long-run total costs for three different firms: Quantity 1 2 3 4 5 6 7 Firm
1. Economies of Scale Consider the following table of long-run total costs for three different firms: Quantity 1 2 3 4 5 6 7 Firm A 25 30 40 60 90 120 150 Firm B 70 75 80 85 90 95 100 Firm C 15 40 65 90 115 140 170 Indicate whether each firm experiences economies of scale or diseconomies of scale. (Note: If a rm experiences economies of scale in one region and diseconomies of scale in another, make sure to select both columns.) Firm Economies of Scale Diseconomies of Scale A [3 [3 B [3 [3
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