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5. Based on the data in Table 4, what shape does the long-run average cost curve have for the dairy industry? Explain how you reached

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5. Based on the data in Table 4, what shape does the long-run average cost curve have for the dairy industry? Explain how you reached that conclusion. What do the data indicate about whether there are economies of diseconomies of scale in dairy farming? Would you expect that trend to continue if farms were to become large enough (that is, much bigger than the ones in the table)

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