Business, 13.06.2020 21:57 rose8969

A firm contemplating entering the market would need to invest $100 million to build a minimum efficient scale production plant (or about $10 million annually on an amortized basis). Such a plant could produce about 100 million pounds of cereal per year. What would be the average fixed costs of this plant if it ran at capacity

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A firm contemplating entering the market would need to invest $100 million to build a minimum effici...