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Answer the following questions: (a) What would it mean if Bed Bath & Beyond had economies of scale in the providing retail sales of Pillow
Answer the following questions: (a) What would it mean if Bed Bath & Beyond had economies of scale in the providing retail sales of Pillow Pads? Explain. (b) At their present level of sales volume, do you think Bed Bath & Beyond would be more likely to have economies of scale, diseconomies of scale, or constant returns to scale in providing retail sales of Pillow Pads? Explain. (c) If we consider the entire range of possible quantities of Pillow Pads sold by Bed Bath & Beyond, would you expect the long-run average cost curve to be downward sloping. upward sloping, or U-shaped, Explain
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