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Business, 24.08.2021 18:40 CadenClough13

The market for a product has an extremely low minimum efficient scale. Which of the following is a valid conclusion about this market? A) There are unlikely to be many firms within this market.
B) No firms in this market will operate with decreasing returns to scale.
C) There is likely a low market concentration for this product.
D) The efficient range will be relatively small for this product.
E) In the short term, fixed costs are likely very high.

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