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(d) Assume WataDine is in long-run equilibrium. Draw a correctly labeled graph for WataDine in long-run equilibrium. (i) Is WataDine taking advantage of its economies

(d) Assume WataDine is in long-run equilibrium. Draw a correctly labeled graph for WataDine in long-run equilibrium.

(i) Is WataDine taking advantage of its economies of scale? Explain.

(ii) Would WataDine produce the productively efficient output? Explain.

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