Table 13-15 Consider the Following Table of Long-Run Total Cost for Four

question 419

Multiple Choice

Table 13-15
Consider the following table of long-run total cost for four different firms:

-Refer to Table 13-13.Which firm has economies of scale and then diseconomies of scale as output increases from 1 to 7?

• A) Firm 1
• B) Firm 2
• C) Firm 3
• D) Firm 4

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