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Hello!! Please help me help solve these : 1. All average costs have a U-shaped curve. Do you agree or disagree? Explain why? 2. What

Hello!! Please help me help solve these :

1. "All average costs have a U-shaped curve." Do you agree or disagree? Explain why?

2. What factors generate economies of scale?

3. What is a price taker? Discuss the assumptions used to obtain the perfectly competitive model.

Thank you

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