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Business, 11.02.2022 05:20 mohd591

The experience curve concept: a. helps a company realize both learning effects and diseconomies of scale.
b. suggests that unit manufacturing costs increase by a certain amount each time output is increased.
c. is very important in industries that mass-produce a standardized output.
d. suggests that achieving low costs allows a firm to charge a premium price.
e. is least likely to bottom out as long as the company does not stop production.

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