Economies of scale are also referred to as increasing returns to scale.
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Q314: An industry is in _ if firms
Q315: As long as economic profits are being
Q316: In long-run equilibrium for a perfectly competitive
Q317: In the long run firms will expand
Q318: Assume a perfectly competitive industry is in
Q320: Industries in which firms _ are likely
Q321: The following is the set of conditions
Q322: Sources of external economies of scale include
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Q323: For a perfectly competitive industry, a decline
Q324: In the long run firms will _
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