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The experience curve concept A is a result of a combination of learning effects and economies of scale and suggests that unit manufacturing costs decline
The experience curve concept A is a result of a combination of learning effects and economies of scale and suggests that unit manufacturing costs decline by a certain amount each time output is doubled B suggests that achieving low costs allows a firm to charge a premium price C is most important for specialized or customized production D suggests that unit manufacturing costs decline by a certain amount each time output is doubled
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