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Question 1. Explain one likely consequence for a car manufacturing company of using division of labour. Question 2. Identify a type of internal economy of

Question 1.

Explain one likely consequence for a car manufacturing company of using division of labour.

Question 2.

Identify a type of internal economy of scale, and explain why this car manufacturing company might benefit from internal economies of scale.

Question 3.

Explain what is likely to happen to the car manufacturing firm if it is neither productively efficient nor allocatively efficient.

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