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If Output Is Increased in the Long Run,then in the Presence

Question 16

Multiple Choice

If output is increased in the long run,then in the presence of internal economies of scale the number of firms will ,and in the presence of constant external returns to scale the number of firms will .


A) decrease; decrease
B) increase; decrease
C) remain constant; increase
D) increase; remain constant
E) decrease; remain constant

Correct Answer:

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