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Consider a rm with the following points on its long mn total cost function. In the range of output shown above, this particular firm {which
Consider a rm with the following points on its long mn total cost function. In the range of output shown above, this particular firm {which may or may not have typically shaped curves} experiences: -:j'j:- rCi'nly diseconomies of scale C:- Only economies of scale -:"j:- First economies of scale and then diseconornies of scale -:j'j:- Constant returns to scale throughout this range
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