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a)Explain what are the meanings of economies of scale, constant returns to scale, and diseconomies of scale? b)Based on the information provided in the table
a)Explain what are the meanings of economies of scale, constant returns to scale, and diseconomies of scale?
b)Based on the information provided in the table below, which of the three firms experiences economies of scale, constant returns to scale, and diseconomies of scale? Calculate the average cost for each firm to justify your answer.
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