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Question4 pts Edit this Question Delete this Question Cost of unit 2. . . . but diminishing returns MC set in once the benefits from

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Question4 pts Edit this Question Delete this Question Cost of unit 2. . . . but diminishing returns MC set in once the benefits from ATC specialization are exhausted and marginal cost rises. AVC 1. Increasing specialization leads to lower marginal cost, . . . Quantity 1. According to the diagram, explain the relationship between marginal cost, total average cost, and variable average cost, based on their trends. 2. Are total average cost and variable average cost able to keep falling from their intersection points with the marginal cost? Explain. Answers must be separated and indicating the question's number

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