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The figure below shows three short-run average total cost curves for .pdf

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The figure shows three short-run average total cost curves. According to the curves, the firm is experiencing economies of scale as output increases, with average total costs decreasing. Economies of scale occur when long-run average costs fall as output expands.

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The figure below shows three short-run average total cost curves for a firm. Short-Run Average Total Cost According to the short-run average total cost curves, the firm is experiencing diseconomies of scale. constant returns to scale. economies of scale.

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