If a Firm Experiencing "Economies of Scale" Decreases Its Output

question 169

True/False

If a firm experiencing "economies of scale" decreases its output, its long-run average cost will decrease.

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Definitions:

Apparent

Refers to the apparent power in an AC circuit, combining both the real (true) power and reactive power, measured in volt-amperes (VA).

Inductive

Pertaining to the property of inductance, where a change in electric current through a conductor induces an electromotive force in both the conductor itself and any nearby conductors.

True

In alignment with reality or fact; not false.

Reactive

Reactive, in an electrical context, relates to components or systems that store energy temporarily in electric or magnetic fields, affecting phase angles between voltage and current.