Suppose that in 1999 abc corp produced 500 million units of


Suppose that in 1999 ABC Corp produced 500 million units of a good at an average cost (LAC) of $2 and in 2000 ABC Corp expanded its plant capacity and produced 600 million units at an average cost (LAC) of $1.80. In this range, one can conclude that ABC Corp is experiencing

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Econometrics: Suppose that in 1999 abc corp produced 500 million units of
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