Firms long-run average total cost curves


Problem: As car manufacturers incorporate more sophisticated computer technology in their vehicles, auto-repair shops require more computerized testing equipment, which is quite expensive, in order to repair newer cars. How is this likely to affect the shape of these firms' long-run average total cost curves? How is it likely to affect the number of auto-repair firms in any market?

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Microeconomics: Firms long-run average total cost curves
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