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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Some individuals decry the decline of the small family farm and its replacement with the huge corporate megafarm. Discuss the possibility that this shift is a consequence of economies of scale.

To determine

Discuss the consequence of economies of scale.

Explanation

In an economy, if the minimum efficient scale for agriculture production is high, then the small family farms cannot produce enough to be competitive with large, corporate farms...

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