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12. (35) Explain the difference between marginal and average, assess the relevance of these concepts for corporations, and pick a real world industry/sector of the
12. (35) Explain the difference between marginal and average, assess the relevance of these concepts for corporations, and pick a real world industry/sector of the economy and, using our tools and being as specific as possible given your current constraints, diagram that market and assess whether it is an increasing, constant, or decreasing cost industry. Make sure to distinguish between the long and short run.
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