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Exhibit 10-13 All of the Following Statements Regarding Exhibit

question 203

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Exhibit 10-13 Exhibit 10-13 All of the following statements regarding Exhibit 10-13 are true except one.Which is the exception? A) The firm represented in the exhibit will likely be a perfect competitor. B) There are economies of scale in this industry. C) The minimum efficient quantity is 1, 000 units. D) At 500 units there is excess capacity. E) A firm too small to produce at least 1, 000 units will have difficulty surviving in this industry. All of the following statements regarding Exhibit 10-13 are true except one.Which is the exception?

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