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Business, 09.10.2019 23:00 bigboy43

Which of the following is true of economies of scale? reductions in the average total cost of producing a product as the firm expands the size of its plant (its output) in the short run only. increases in the average total cost of producing a product as the firm expands the size of its plant (its output) in the short run only. reductions in the average total cost of producing a product as the firm expands the size of its plant (its output) in the long run. increases in the average total cost of producing a product as the firm expands the size of its plant (its output) in the long run.

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Which of the following is true of economies of scale? reductions in the average total cost of produ...
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