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3.1.1 Sizes and types of firms

When a firm expands output, [     ] reduce long-run average cost, while excessive growth may cause diseconomies of scale to raise it.

A

economies of scope

B

barriers to entry

C

economies of scale

D

diseconomies of scale

3.1.1 Sizes and types of firms Flashcards

  1. A Level
  2. /Economics
  3. /3.1.1 Sizes and types of firms

Flashcards for Edexcel A A Level Economics 3.1.1 Sizes and types of firms, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 24 cards, matched to the Edexcel A A Level Economics (9EC0) specification.