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Business, 22.11.2021 03:00 ashleytorrao65541

Consider an industry where many small firms produce a good under perfect competition but with external economies of scale: i. e. the average cost for each firm declines as the scale of the local industry (the aggregate local production) increases (so if the industry is active in a country, it will be concentrated in a specific location). a) What is a real-world example of an industry like this

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Consider an industry where many small firms produce a good under perfect competition but with extern...

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