Question: ECO 550 Week 5 Discussion Board 5 Please answer this as it related to a previous answer you provided. Excellent reply, Felicia ... Thank you.

ECO 550 Week 5 Discussion Board 5 Please answer this as it related to a previous answer you provided.

Excellent reply, Felicia ... Thank you. One of the concepts that rise in the cost theory is the economies of scale. What does this concept mean and how does it impact the profitability and pricing strategy of a company? Explain through an example

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