Question
if a firm enjoys economies of scale up to a certain output level, and cost increases proportionately with output, what can you say about the
if a firm enjoys economies of scale up to a certain output level, and cost increases proportionately with output, what can you say about the shape of the long-run average cost curve?
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
