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Which of the Following Is a Condition for Industry Expansion

Question 1

Multiple Choice

Which of the following is a condition for industry expansion through expansion of existing firms instead of entry of new firms?


A) Firms take advantage of diseconomies of scale.
B) A firm size is greater than the minimum efficient sale.
C) A firm's average total cost decreases as a result of technological change.
D) A firm produces beyond the minimum long-run average total cost.
E) Firms make normal profits.

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