question archive Assume that a particular industry's long-run average costs curve has been empirically shown to be L-Shaped
Assume that a particular industry's long-run average costs curve has been empirically shown to be L-Shaped
Subject:EconomicsPrice: Bought3
Assume that a particular industry's long-run average costs curve has been empirically shown to be L-Shaped. What does this mean for the survival prospects of small firms in this industry? Briefly explain your answer.
