What is an experience curve? What is the difference between economies of experience and economies of scale?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:55 AM

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What is an experience curve? What is the difference between economies of experience and economies of scale?

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The experience curve represents the relationship between average variable cost and ...View the full answer

Microeconomics

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