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Technical Question: Our textbook made an obseravtion about new start-up firms. It said that startup firms could reduce their costs by moving from higher to
Technical Question: Our textbook made an obseravtion about new start-up firms. It said that startup firms could reduce their costs by moving from higher to lower points on their short-run cost curves and by creating downward shifts of their LRTC curve via long-run economies of scale model. The textbook claimed that firms like Starbucks and Google grew to be large and were classic examples of the kind of cost management
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