a) Growth

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Last updated 4:32 PM on 6/28/26
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4 Terms

1
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  • state three reasons why some firms choose to grow

  • higher profit

  • higher market share

  • reducing ATC through economies of scale

2
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  • state three reasons why some firms choose to remain small

  • avoid increasing ATC through diseconomies of scale

  • operating in a market with high barriers to entry/exit

  • prioritising personalised care/specialised service

3
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  • n/a

  • n/a

4
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  • n/a