Economies of scale exist as a firm increases its size in the long run because of all of the following except:
A) The firm can afford more sophisticated technology in production.
B) Labour and management can specialise even further in their tasks.
C) As a larger input buyer, the firm can purchase inputs at a lower per unit cost.
D) As a firm expands its production, its profit margin per unit of output increases.
Correct Answer:
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A)The level
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