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Problem 1: Which of the following statements is true in relation to cost curves in project finance?
Group of answer choices
Option 1: They are only used in the lender's due diligence process
Option 2: They certify that the project's estimate of unit costs is accurate
Option 3: They are constructed by placing quantities produced against the average unit cost of production for each producer
Option 4: They are constructed for every industry that in which project finance can be used
Option 5: Lenders will never lend to a project if it does not fall within the lower third of the curve
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