lvoltin5156 lvoltin5156

16-02-2024
Business

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What is 'returns to scale' as it relates to firm? Why might some firms experience increasing returns to scale and others decreasing returns to scale?
a. Returns to scale refer to the long-term changes in firm size.
b. Increasing returns to scale occur due to specialization and efficiency.
c. Decreasing returns to scale happen when the firm becomes too large to manage

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