Theeffectistoreducethelongrunaverageunitcostsofproductionoverarangeofoutput.Theselowercostsareanimprovementinproductiveefficiencyandcanfeedthroughtoconsumersintheformoflowermarketprices.Buttheycanalsogiveabusinessacompetitiveadvantageinthemarket.Theyleadtolowerpricesbutalsohigherprofitsconsumersan...