Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN: 9781305156050
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 13.4, Problem 4QQ
To determine

The economies of scale or diseconomies of scale.

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Distinguish between economies of scale and diseconomies of scale. Give examples of why a firm may experience economies of scale.
Explain the general shape of the long run cost curves in relation to economies and diseconomies of scale.
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