The efficient scale of the firm is the quantity of output that:
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The economy is made up of thousands of firms that produce goods and services. Some of them are large and employ thousands of workers and have thousands of shareholders. Others are small and employ only a few workers and may be owned by one person or family.
According to the law of supply, firms are willing to produce and sell a greater quantity of a good when the price of the good is higher, and this response leads to a supply curve that slopes upward.
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