How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?What are the determinants of economies of scale and diseconomies of scale, respectively?

Based on this information, respond to the following:

How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?

Describe economies of scale and diseconomies of scale.

What are the determinants of economies of scale and diseconomies of scale, respectively?

Using a real-world company (other than Sysco), explain the causes of economies of scale for your company.

Explain how economies of scale help your company compete in its industry.