Prior to beginning work on this discussion forum, read David Trainer’s Sysco Feasts on Economies of Scale for Strong Competitive Advantage (Links to an external site.) as well as Chapter 8 of the textbook.
Based on this information, respond to the following:
How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?
Describe economies of scale and diseconomies of scale.
What are the determinants of economies of scale and diseconomies of scale, respectively?
Using a real-world company (other than Sysco), explain the causes of economies of scale for your company.
Explain how economies of scale help your company compete in its industry.
