Lr-ac.rar -

: The downward-sloping portion of the curve where increasing production leads to lower per-unit costs due to specialization or bulk purchasing .

: A flat segment where average costs remain steady as output increases. LR-AC.rar

: The LRAC is often called an "envelope curve" because it is tangent to and wraps around various short-run average cost (SRAC) curves . : The downward-sloping portion of the curve where