Describe why some long-run average cost curves are steeper

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Describe why some long-run average cost curves are steeper on the downward side than others. Discuss fully.

Explain the rationale and the implications of the new guidelines used by the Department of Justice and the Federal Trade Commission for evaluating proposed mergers."

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Describe why some long-run average cost curves are steeper : Describe why some long-run average cost curves are steeper on the downward side than others.

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