Be big because there are economies associated with bigness

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Reference no: EM1373551

You earwig a businessman say- We need to be big because there are economies associated with bigness. What he denotes is that

1) total cost decreases as more is produced.
2) long-run average cost decreases as more is produced.
3) marginal cost decreases as more is produced.
4) total fixed cost decreases as more is produced.

Reference no: EM1373551

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