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

question 71

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 over the entire range of output?

• A) Firm 1 only
• B) Firms 1 and 2 only
• C) Firm 2 only
• D) Firm 3 only

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