If a firm in a perfectly competitive industry takes advantage of economies of scale and expands its production facilities, then
a. its cost curves will shift down, enabling it to earn a greater profit, at least for a little while.
b. other firms will be forced to do the same to survive.
c. the market price is decreased because of greater output finding its way to the market.
d. all of the above.
e. we must be in the long run because plant size is not fixed.?
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Asked by Roe
on 26th May, 2019
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