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Which of the following is a potential reason that explains why economics may gain when specializing(i.e. in the long run) in producing fewer goods and
Which of the following is a potential reason that explains why economics may gain when specializing(i.e. in the long run) in producing fewer goods and services?
Higher production scales allow in the long run for adopting higher levels of production technologies.
Higher production scales allow in the long run for producing more at lower average cost.
All of the above
None of the above
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