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Economies of Scale Can Benefit Consumers to the Extent That

Question 73

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Economies of scale can benefit consumers to the extent that the costs of production incurred by the firms in the industry are lower than they would otherwise be.At the same time,the price-setting power of those firms is increased,which could hurt consumers.

Economies of scale can benefit consumers to the extent that the costs of production incurred by the firms in the industry are lower than they would otherwise be.At the same time,the price-setting power of those firms is increased,which could hurt consumers.

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