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5. Explain the concept of Economies of Scale (a) What strategies can a firm use to achieve economies of scale ? (b) What are the

5. Explain the concept of Economies of Scale (a) What strategies can a firm use to achieve economies of scale ? (b) What are the economic benefits of economies of scale.? (c) Identify the factors that explain why economies of scale occur. 6. Explain the concept of diseconomies of scale 7. What is a factor that causes diseconomies of scale

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