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Suppose a firm is currently producing at point A on the diagram below. (3 marks) This might indicate that: (a) The firm is experiencing economies
Suppose a firm is currently producing at point A on the diagram below. (3 marks)
This might indicate that:
(a) The firm is experiencing economies of scope.
(b) The firm is producing at the minimum efficient scale.
(c) The firm is producing allocatively efficiently.
(d) The firm is experiencing problems of control and coordination
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