Given the following data for a typical firm in a competitive industry, sketch the two short-run average total cost curves and the two marginal cost curves, and answer the following:
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Q119: An industry with an upward-sloping long-run supply
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Q123: List some external economies of scale and
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Q126: Explain why diseconomies of scale occur. Do
Q127: When long-run industry supply has a negative
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A)a firm's
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