Explain the shape of the long-run average cost curve. What does minimum efficient scale mean?

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Explain the shape of the long-run average cost curve. What does “minimum efficient scale” mean?

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Microeconomics A Contemporary Introduction

ISBN: 978-1111415921

9th edition

Authors: William A. McEachern

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Question Posted: Dec 12, 2015 05:21 AM

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Explain the shape of the long-run average cost curve. What does minimum efficient scale mean?

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Microeconomics A Contemporary Introduction

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