Most firms operate at a level of output that results in nearly constant returns to scale.
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Q17: If a firm is maximizing profit, then
Q18: If a firm is employing a combination
Q19: If the price of an input increases,
Q20: If a firm is experiencing increasing returns
Q21: Decreasing returns to scale arise because of
Q23: A country will import goods in which
Q24: A country that has a relative abundance
Q25: Most innovations involve revolutionary departures from previous
Q26: The product cycle model asserts that innovating
Q27: Innovation tends to be stimulated by an
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