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The LRATC curve for the company is higher than the LRATC curve for a more competitive industry with smaller firms. This indicates that the company

The LRATC curve for the company is higher than the LRATC curve for a more competitive industry with smaller firms. This indicates that the company is more efficient than its competitors, which could be due to its larger size and increased capital. This suggests that the company's size is justified, as it is able to produce more efficiently than its competitors. Furthermore, the company's increased capital could be used to invest in research and development, which could lead to further improvements in efficiency and productivity

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