Explain why it is important for a firm to know its, Business Economics

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Explain why it is important for a firm to know its

1. Explain why it is important for a firm to know it's efficient scale of production and how a firm determines its efficient scale of production.

2. Explain how a market with no barriers to entry or exit results long run economic profits equaling zero.

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Business Economics: Explain why it is important for a firm to know its

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Business Economics: Explain why it is important for a firm to know its

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