answer the following questions with at least XXXXXXXXXXwords: 1 Explain the cost curves of the firm In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not...

1
Explain the cost curves of the firm
In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output?

2 Discuss the principal-agent problem and some possible solutions