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(Solved): If the long run cost structure of a typical perfectly competitive firm is as shown in the table abo ...



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If the long run cost structure of a typical perfectly competitive firm is as shown in the table above, which one of the following statements is true? At the firm is said to be experiencing internal economies. Minimum efficient scale of production is at units. At the firm is said to be experiencing external economies. At the firm is said to be experiencing internal diseconomies. At the firm is said to be experiencing internal economies.


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The correct answer is At q = 50 the firm is said to be experiencing internal economies.
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