1. Why might a firm operating with one plant achieve MEPS and yet not be large enough...
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1. Why might a firm operating with one plant achieve MEPS and yet not be large enough to achieve MES? (Clue: are all economies of scale achieved at plant level?)
2. Why might a firm producing bricks have an MES which is only 0.2 per cent of total EU production and yet face little effective competition from other EU countries?
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