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10. Which of the following statements is correct? A. A firm can operate in either the short run or the long run. B. While a
10. Which of the following statements is correct?
A. A firm can operate in either the short run or the long run.
B. While a firm's plant size could be too small in the long run, its size cannot be too small in the short run.
C. A firm can enjoy economies of scale in either the short run or the long run.
D. While a firm can plan as if it is in the long run, it can operate only in the short run.
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