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Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 18
Why might a large firm be more efficient than a small firm? a. Large firms enable more specialization and trading according to comparative advantage.
B) Large firms experience economies of scale.
C) Large firms may be less efficient than small firms if there are diseconomies of scale.
D) A large firm is able to purchase at quantity discounts.
E) All of the above are correct.
B) Large firms experience economies of scale.
C) Large firms may be less efficient than small firms if there are diseconomies of scale.
D) A large firm is able to purchase at quantity discounts.
E) All of the above are correct.
Explanation
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Determine why large firms are more effic...
Managerial Economics 2nd Edition by William Boyes
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