=+10. If a firm enjoys economies of scale up to a certain output level, and cost then

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=+10. If a firm enjoys economies of scale up to a certain output level, and cost then increases proportionately with output, what can you say about the shape of the longrun average cost curve?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 04:01 AM

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=+10. If a firm enjoys economies of scale up to a certain output level, and cost then increases proportionately with output, what can you say about the shape of the longrun average cost curve?
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=+10. If a firm enjoys economies of scale up to a certain output level, and cost then

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Microeconomics

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