Suppose there are a wide range of plant sizes in an in- dustry. What do you conclude

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Suppose there are a wide range of plant sizes in an in- dustry. What do you conclude about the shape of the average cost curve if the plants are in the same area? Assume plants in the same area face similar costs. How does your answer change if the plants are located in dif- ferent countries?

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Modern Industrial Organization

ISBN: 9780321011459

3rd Edition

Authors: Dennis W. Carlton, Jeffrey M. Perloff

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