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A firm increases its sneaker production from 100,000 to 200,000. Its average cost to produce a pair of sneakers drops from $18 to $16. What

A firm increases its sneaker production from 100,000 to 200,000. Its average cost to produce a pair of sneakers drops from $18 to $16. What can we say about this firm? Question 14 options: They have an absolute advantage when it comes to producing sneakers. This firm is productively efficient. This firm has economies of scale. This firm is profitable

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