Economies and diseconomies of scale account for the shape of the:

Name: Economies and diseconomies of scale account for the shape of the:
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Economies and diseconomies of scale affect the long-run average cost curve, as they determine the minimum efficient scale and the point where a firm experiences diminishing returns to scale. The ATC, AVC, and MC curves are affected by short-run factors such as fixed costs and variable inputs, but do not account for scale economies in the same way as the LRAC curve.

Economies and Diseconomies of Scale Account for the Shape of The