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When looking at marginal cost and production, which of the following statements is true? Monopolies are likely to experience economies of scaleat high levels of
When looking at marginal cost and production, which of the following statements is true?
- Monopolies are likely to experience economies of scaleat high levels of production.
- Competitive industries are likely to experience diseconomies of scaleat high levels of production.
- Both A and B are true.
- Neither A nor B are true.
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