Combining economies of learning with the existing production technology allows a firm to

Question

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Economies of learning allow movement down a given learning curve based on current production technology. Learning by doing allows a firm to lower its per-unit costs by moving down a given learning curve, while combining experience based learning and process innovation allows the firm to leapfrog to a steeper learning curve, thereby further driving down its per-unit costs.

Combining Economies of Learning with the Existing Production Technology Allows