Use the concepts of economies and diseconomies of scale to explain the shape of a firms long-run

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Use the concepts of economies and diseconomies of scale to explain the shape of a firm’s long-run ATC curve. What is the concept of minimum efficient scale? What bearing can the shape of the long-run ATC curve have on the structure of an industry?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:45 AM

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Use the concepts of economies and diseconomies of scale to explain the shape of a firms long-run

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The longrun ATC curve is Ushaped At first longrun ATC falls as the firm expands and reali...View the full answer

Economics

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