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4. Which statement is true regarding firms in the long run? [1] Firms can be of many different sizes if the long-run supply curve is

4. Which statement is true regarding firms in the long run?

[1] Firms can be of many different sizes if the long-run supply curve is horizontal.

[2] If economies of scale and diseconomies of scale exist, firms will be of the same size.

[3] No firms will be making economic profits.

[4] All of the above.

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