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Question 4: In the context of Returns to Scale, economies of scale play a key role. When a firm expands its production and realizes a
Question 4: In the context of Returns to Scale, economies of scale play a key role. When a firm expands its production and realizes a more than proportional increase in output, it is benefiting from___ A)Increasing Returns to Scale B) Constant Returns to Scale C) Decreasing Returns to Scale D) Negative Returns to Scale
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