Question: How does a firm's short-run ATC curve differ from its long-run ATC curve? Explain your answer. Average cost (S/unit) LRATC ATC ATC SR3 SRI ATCSR2

How does a firm's short-run ATC curve differ from its long-run ATC curve? Explain your answer.
How does a firm's short-run ATC curve differ from its

Average cost (S/unit) LRATC ATC ATC SR3 SRI ATCSR2 Economies of scale Diseconomies of scale Quantity

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