Explain in detail the u-shaped marginal cost curve

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Question

In general, the marginal cost curve is U-shaped as you learned in my lecture and textbook. However, the exception exists. Would you please provide three particular industry as an example to illustrate that MC is not U-shaped?

Please explain in detail the U-shaped marginal cost curve and its exceptions for someone who trying to learn this topic.

Reference no: EM132338520

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