Discuss marginal cost curve for an industry, Microeconomics

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Discuss marginal cost curve for an industry

Problem: The marginal cost curve for an industry that exhibits strong economies of scale is always below average total costs. Therefore, the competitive price, where P = MC, will always result in losses for firms. Firms would not enter into such an industry and there would be no supply.

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Microeconomics: Discuss marginal cost curve for an industry

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