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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 60 70 80
Consider the following table of long-run total costs for three different firms:
Quantity 1 2 3 4 5 6 7
Firm A 60 70 80 90 100 110 120
Firm B 11 24 39 56 75 96 119
Firm C 21 34 49 66 85 106 129
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 A
Firm B
Firm C
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