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Use the following graph to answer the questions that follow. Which of the curves depicts economies of scale?

Use the following graph to answer the questions that follow.

Capture.PNG


Which of the curves depicts economies of scale?

LRATC1 and LRATC3

LRATC2

LRATC2 and LRATC3

LRATC1

LRATC3

Capture.PNG

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