Economies of scale throughout the range of market demand


Economies of scale throughout the range of market demand give natural monopolies

downward-sloping long-run average cost curves

upward-sloping long-run average total cost curves

upward-sloping long-run average cost curves

upward-sloping short-run average total cost curves

horizontal long-run average cost curves

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Business Economics: Economies of scale throughout the range of market demand
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