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1. Explain economies of scale. What factors might contribute to economies of scale? 2. Draw a graph that includes average total cost, average fixed cost,

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1. Explain economies of scale. What factors might contribute to economies of scale?

2. Draw a graph that includes average total cost, average fixed cost, average variable cost, and marginal cost.

image text in transcribed
1. Explain economies of scale. What factors might contribute to economies of scale? 2. Draw a graph that includes average total cost, average fixed cost, average variable cost, and marginal cost

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