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Discuss the business you chose enjoys economies of scale

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Reference no: EM133564195

Assignment:

Pick any one business in your area,

  1. Describe how the long-run average cost (LRAC) curve can be derived from the short-run average total cost (SRATC) curve.
  2. Discuss if the business you chose enjoys economies of scale. Be sure to provide reasons why the business may or may not have economies of scale.
  3. Explain how economies of scale help your business compete in its industry.

 

Reference no: EM133564195

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