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What is a possible outcome of a market with significant barriers to entry due to economies of scale? Group of answer choices The market will
What is a possible outcome of a market with significant barriers to entry due to economies of scale? Group of answer choices The market will become perfectly competitive in the long run. A single producer can serve the entire market more efficiently than multiple smaller producers. New firms will always enter the market when abnormal profits are observed. Production costs will increase due to the diseconomies of scale
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