Market Structures If a firm enjoys economies of scale,
it's profits are equal to the amount produced.
it's average total cost will increase as production increases.
it's average total cost will decrease as the production increases.

Adam smith, who is considered "the father of capitalism," believed in a laissez faire approach the economy. smith described one exception, though, when governments should get involved. what role did smith believe government could and should play?

What was the main aim of operation torch which was launched by the allies

In their competition for power nations raced to