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insherro insherro
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Consideration of the minimum efficient scale of operation would suggest that, to minimize production costs, the market should be served by a large number of small firms when the LRAC curve slopes downward over the relevant range of output.
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Economics for Managers

Economics for Managers


Edition: 3rd
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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8 years ago
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This calls for a celebration Person Raising Both Hands in Celebration
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