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pick any one business in your area. Based on the readings for the week and the b
pick any one business in your area. Based on the readings for the week and the business you chose, answer the following questions in a minimum of 300 words:
Describe how the long-run average cost (LRAC) curve can be derived from the short-run average total cost (SRATC) curve.
Discuss if the business you chose enjoys economies of scale. Be sure to provide reasons why the business may or may not have economies of scale.
Explain how economies of scale help your business compete in its industry.
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