Consider the following table of long-run total costs for three different firms:
|
Quantity
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
|
Firm A
|
60
|
70
|
80
|
90
|
100
|
110
|
120
|
|
Firm B
|
11
|
24
|
39
|
56
|
75
|
96
|
119
|
|
Firm C
|
21
|
34
|
49
|
66
|
85
|
106
|
129
|
Indicate whether each firm experiences economies of scale or diseconomies of scale. (Note: If a firm experiences economies of scale in one region and diseconomies of scale in another, make sure to select both columns.)
Firm Economies of Scale Diseconomies of Scale
A _____ _____
B _____ _____
C _____ ______