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Manuel Castells Refers to Megacities as One of the Main

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Essay

Manuel Castells refers to megacities as one of the main features of third-millennium urbanization. In addition to their massive population, what is a key characteristic of a megacity?

Distinguish between the effects of learning curves and economies of scale on production costs.
Apply knowledge of cost functions and production outputs to solve problems related to joint production costs.
Evaluate the strategic decisions firms make in response to the discovery of economies of scope.
Understand the relationship between cost curves (average and marginal) and production efficiency.

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