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26.02.2020 •
Mathematics
The experience-curve concept: a. suggests that achieving low costs allows a firm to charge a premium price. b. is least likely to bottom out as long as the company does not stop production. c. suggests that unit manufacturing costs increase by a certain amount each time output is increased. d. is very important in industries that mass-produce a standardized output. e. helps a company realize both learning effects and diseconomies of scale.
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answer:
b
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