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    Microeconomics Theory with Applications
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    Exam 19: The Theory of the Firm
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    Adam Smith's Fundamental Insight Was That Firms Were More Productive
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Adam Smith's Fundamental Insight Was That Firms Were More Productive

Question 48

Question 48

Multiple Choice

Adam Smith's fundamental insight was that firms were more productive when:


A) labour was specialized.
B) hamburgers are grilled rather than broiled.
C) organized as monopolies.
D) each worker does all parts of a project.

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