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  3. Study Set
    Managerial Economics
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    Exam 5: Production Theory and Estimation
  5. Question
    Decreasing Returns to Scale Arise Because of Increased Specialization and Division
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Decreasing Returns to Scale Arise Because of Increased Specialization and Division

Question 29

Question 29

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Decreasing returns to scale arise because of increased specialization and division of labor at higher levels of output.

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