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Business, 25.02.2020 02:14 chrisswid

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

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