Question
For a firm producing output in the region of increasing returns to scale on its LR average cost curve, excess capacity will exist with any
For afirm producing output in the region of increasing returns to scale on its LR averagecost curve, excesscapacity will exist with any optimal plant size. Evaluate.
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
