Economies of Scale Occur Where

question 159

Multiple Choice

Economies of scale occur where

• A)long-run average cost falls as new firms enter the industry
• B)short-run average cost falls as new firms enter the industry
• C)long-run average cost falls as one firm expands plant size
• D)short-run average cost falls as one firm expands plant size
• E)long-run average cost rises as one firm expands plant size

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