Economies of scale are most closely associated with a firm's

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Economies of scale refer to the cost advantages that a firm experiences as it increases production. These cost advantages are reflected in the firm's ATC (average total cost) curve, which shows the relationship between the average total cost of production and the quantity of output produced. As output increases, the ATC curve typically slopes downward, indicating that the cost per unit of production decreases. Therefore, economies of scale are most closely associated with a firm's ATC curve.

Economies of Scale Are Most Closely Associated with a Firm's