You have the following information about long-run total cost for the following firms: Quantity Arnold’s Apples LRATC Belle’s Bananas LRATC Cam’s Cantaloupes LRATC 1 120 33 42 2 140 72 68 3 160 117 98...

You have the following information about long-run total cost for the following firms:

Quantity	Arnold’s Apples LRATC	Belle’s Bananas LRATC	Cam’s Cantaloupes LRATC
1	120	33	42
2	140	72	68
3	160	117	98
4	180	168	132
5	200	225	170
6	220	288	212
7	240	357	258

Do any of these firms experience economies of scale? How do you know?

Jun 08, 2022

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