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Business, 02.12.2019 23:10

In the soda industry, production costs per unit continue to fall as the firm expands. in this type of industry, smaller rivals trying to enter the industry:

a. will have much higher average costs.

b. will easily be able to gain market power.

c. have lower average costs.

d. do not have high fixed costs.

e. experience a government-created barrier.

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