A firm's economic capacity and its most productive output level are the same.
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Q87: Adam Smith observed that the division of
Q88: Q89: The right size of firm is determined Q90: Both short-run and long-run costs will decrease Q91: What does MES refer to? Q93: All of the following,except one,are possible explanations Q94: Constant returns to scale is the situation Q95: Economies of scale are divided into those Q96: The long-run average cost curve declines continuously Q97: In what sense might a firm be
A)The marginal efficient
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