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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 Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
