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3 votes
Discuss whether or not a firm will benefit from an incr ease in its output.

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User Blather
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1 Answer

5 votes
Benefit : economies of scale
Explanation: if a firm manages to grow their level of output and reduce their cost of production at the same time they may benefit from economies of scale such as purchasing economies of scale or financial economies of scale , therefore they would be able to reinvest the increased profit into their business and develop new products which will help them have a wider customer base by reaching different segments of the market.

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User Anastasiya
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7.6k points
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