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Empirical evidence on the shape of the average cost curve across industries is mixed. A 1992 study by Robidoux and Lester found that 57 percent
Empirical evidence on the shape of the average cost curve across industries is mixed. A 1992 study by Robidoux and Lester found that 57 percent of Canadian firms experienced economies of scale, 23 percent had neither economies or diseconomies of scale, and 14 percent experienced diseconomies of scale. Can you think of examples of firms or industries that might fall into each category
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