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Illustrate the concept of economies of scale graphically by drawing a LRATC curve and labeling increasing, constant, and decreasing returns to scale. Then, define each.

Illustrate the concept of economies of scale graphically by drawing a LRATC curve and labeling increasing, constant, and decreasing returns to scale. Then, define each. What is an example of a company that has taken advantage of economies of scale? How did they do it

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