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Economies of Scale Range

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Why does increasing the range of output over which economies of scale are present, influence the amount of monopoly power in an industry. Include graph(s) please.

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The expert determines why increasing the range of output over which economies of scales are present. The monopoly power in the industry is determined.

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Please refer to the attachment.

By definition , economies of scale are the increase in efficiency of production as the number of goods being produced increases. Typically, a company that achieves economies of scale lowers the average total cost per unit through increased production since fixed costs are shared over an increased number of ...

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