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Which of the following can we conclude when production has economies of scale? O Marginal cost increases as output expands. O Marginal product of an

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Which of the following can we conclude when production has economies of scale? O Marginal cost increases as output expands. O Marginal product of an input diminishes with increased utilization. O Long-run average total cost declines as output expands. O Long-run average total cost increases as output expands

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