Table 13-17
Consider the following table of long-run total cost for four different firms: 
-Refer to Table 13-17. Which firm has economies of scale over the entire range of output?
Definitions:
Laboratory Research
Systematic investigation and experimentation carried out in controlled conditions to study phenomena or test hypotheses.
Business Research
The process of collecting data and analyzing information to identify and solve business problems, making informed decisions.
Largest Share
The highest proportion or percentage of ownership, interest, or allocation.
Total Business
The complete range of commercial, industrial, or professional activities conducted by an organization or in an economy.
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