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Eco3704 exam 1 review - Study guides, Class notes & Summaries

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ECO3704 Exam 1 Review Questions And Correct Detailed Answers.

  • ECO3704 Exam 1 Review Questions And Correct Detailed Answers.

  • Exam (elaborations) • 2 pages • 2024
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    • external scale economies - correct answer when the average cost of the typical firm declines as the output of the industry within a geographic area increases internal scale economies - correct answer firm specific, caused internally product differentiation - correct answer the process of distinguishing a product or service from others, to make it more...
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