Minimum efficiency scale of production imply about

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What does the size of the minimum efficiency scale of production imply about the following: a.) The price of a production in a competitive market compared to the price of the same product in a pure monopoly makret? b.) The degree of control over price (whether a firm is a price taker or price maker)? c.) The degree or extent to which firms are productively and allocatively efficient?

Reference no: EM131160104

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