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What are the factors explaining the experience effect or experience curve? A. Labor productivity B. Substitution of cheaper or more efficient raw materials C. Production

What are the factors explaining the "experience effect" or "experience curve"?

A. Labor productivity

B. Substitution of cheaper or more efficient raw materials

C. Production standardization or new production processes

D. Improved efficiency of production equipment

E. None of the above

F. All of the above

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