If Economies of Scale Are Significant, the Typical Firm Will

question 145

True/False

If economies of scale are significant, the typical firm will not reach the minimum point on its long-run average cost curve until it has produced a large fraction of industry sales.

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An individual or entity authorized to act on behalf of another in legal matters or proceedings.

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The lack of legal ability to act, often due to age, mental condition, or lack of legal authority.