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4a) Using a diagram , explain why MC=MR is the profit maximising(loss minimising) output condition. b) Illustrate the concept of economics of dcale and diseconomies

4a) Using a diagram , explain why MC=MR is the profit maximising(loss minimising) output condition. b) Illustrate the concept of economics of dcale and diseconomies of scale using a long run average coat curve and give examples of each

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