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Consider the following table of long-run total costs for three different firms: Quantity 1 2 3 4 5 6 7 Firm A 10 21 32
Consider the following table of long-run total costs for three different firms:
Quantity 1 2 3 4 5 6 7
Firm A 10 21 32 43 54 66 80
Firm B 10 15 18 23 35 50 65
Firm C 10 19 28 37 46 55 60
Indicate whether each firm experiences economies of scale or diseconomies of scale. (Note: If a firm experiences economies of scale in one region and diseconomies of scale in another, make sure to select both columns.)
Firm Economies of Scale Diseconomies of Scale
A
B
C
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