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At output Q 2 and price P 2 , which of the following is TRUE? A . The firm has economies of scale. B .

At output

Q_{2}

and price

P_{2},

which of the following is TRUE?

.

The firm has economies of scale.

. P = M C =

LRAC

SRATC.

.

The firm suffers some diseconomies of scale.

. P = M C =

SRATC

=

LRAC.

.

There are economic profits to attract new entrants.

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