Business, 09.07.2021 20:30 abigailweeks10
earning economies differ from economies of scale becauseMultiple Choicethe first is a short-run phenomenon and the latter is a long-run phenomenon. the former involves output in a single period of production and the latter involves cumulative output. the former involves rising average costs and the latter involves falling average costs as a result of higher output levels. the former involves cumulative production and the latter involves the rate of production per period.
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