Draw the long run average cost curve

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Reference no: EM132154262

Question: Suppose that a firm faces increasing returns to scale at low levels of output and constant returns to scale at high levels of output. Draw the long run average cost curve implied by your diagram and explain the reason for its shape. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132154262

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