Question

Date_/__/
How will explain that the long
leun arcomarge cost were, througe
U-shaped,
will be flatter and
puonounced than the short run average cost curve​

Answer 1

Answer:

The long-run cost curves are u shaped for different reasons. It is due to economies of scale and diseconomies of scale. If a firm has high fixed costs, increasing output will lead to lower average costs. However, after a certain output, a firm may experience diseconomies of scale.

Explanation:

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