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Toward the end of chapter 7 we discuss economies and diseconomies of scale. They both help form the long run ATC curve and have nothing
Toward the end of chapter 7 we discuss economies and diseconomies of scale. They both help form the long run ATC curve and have nothing to do with productivity at all, although, the short run ATC curve did. Thinking about this topic - discuss examples of economies and diseconomies of scale in your personal life. The goal here is to apply this economic concept to a non-business setting.
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