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Homework answers / question archive / Economies and diseconomies of scale reflect: a

Economies and diseconomies of scale reflect: a

Economics

Economies and diseconomies of scale reflect:

a. the profit-maximizing level of production,

b. why the firm's long-run average total cost curve is U-shaped,

c. why the firm's short-run marginal cost curve cuts the short-run average variable cost curve at its minimum point,

d. the distinction between fixed and variable costs.

t is minimized.

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