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A firm produces output at a higher cost than is necessary to produce it.Thisstatement describes: A economies and diseconomiesof scale. B x-inefficiency. C the law

A firm produces output at a higher cost than is necessary to produce it.Thisstatement describes:

A economies and diseconomiesof scale.

B x-inefficiency.

C the law of diminishingreturns.

D the law of diminishing marginal utility.

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