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Suppose that for a given market, economies of scale would be experienced over the entire range of market output. Which of the following would be
Suppose that for a given market, economies of scale would be experienced over the entire range of market output. Which of the following would be true? Multiple Choice O This would become a low barrier to entry, preventing a market from being contestable. O This would mean that as the size of a firm increases, its minimum average total costs rise. O This would mean that the long-run average total cost curve is downward-sloping O This would lead to higher levels of competition
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