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If a single firm can produce and supply an entire market at a lower unit cost than many small firms can, the long-run average total

If a single firm can produce and supply an entire market at a lower unit cost than many small firms can, the long-run average total cost must be Question 15 options: increasing as firm size increases remaining constant as firm size increases decreasing as the firm's output increases inelastic due to specialization constant and equal to marginal cost

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