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17.The graph of two long run average total cost (LRATC) curves for a typical company appears below. Based on this graph, which of the following statements is least accurate? A:A:The ideal plant size is indicated by point M B:B:The use of improved technology may have caused the company to move from LRATC1 to LRATC2. C:C:At point L, the company is experiencing economies of scale |
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