12. (35) Explain the difference between marginal and average, assess the relevance of these concepts for corporations, a

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answerhappygod
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12. (35) Explain the difference between marginal and average, assess the relevance of these concepts for corporations, a

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12. (35) Explain the difference between marginal and average,assess the relevance of theseconcepts for corporations, and pick a real world industry/sector ofthe economy and, usingour tools and being as specific as possible given your currentconstraints, diagram thatmarket and assess whether it is an increasing, constant, ordecreasing cost industry. Makesure to distinguish between the long and short run.
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