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Describe economies of scale and diseconomies of scale

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Reference no: EM132848550 , Length: Word count:- 300

Long-Run Average Cost and Economies of Scale

Question 1: How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?

Question 2: Describe economies of scale and diseconomies of scale.

Question 3: What are the determinants of economies of scale and diseconomies of scale, respectively?

Question 4: Using a real-world company (other than Sysco), explain the causes of economies of scale for your company.

Question 5: How would economies of scale help your company compete in its industry?

  • Your initial post should be a minimum of 300 words.

Reference no: EM132848550

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