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A Feature of Imperfect Competition Is _________, Which Means

Question 119

Multiple Choice

A feature of imperfect competition is _________, which means
That as the firm expands its production, average costs of
Production fall.Therefore, the firm can _______ its costs of
Production by selling internationally.


A) economies of scale; decrease
B) economies of scale; increase
C) increasing returns to scale; decrease
D) specialization; increase

Correct Answer:

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