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What is the relationship between fixed costs and economies of scale? Multiple choice question. Larger outputs result in a maximum efficient scale. Larger output illustrates
What is the relationship between fixed costs and economies of scale? Multiple choice question. Larger outputs result in a maximum efficient scale. Larger output illustrates the benefits of a differentiation strategy. The amount of fixed costs allocated to each unit of output decreases as output increases. Larger output results in lower labor costs
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