If a Firm Experiences Some Gains from Specialization as It

question 99

Multiple Choice

If a firm experiences some gains from specialization as it expands its scale of production,and adds additional layers of management as it does so,assuming they have the same effect,we would expect its long-run average total cost curve to be

• A) downward sloping.
• B) upward sloping.
• C) horizontal.
• D) vertical.
• E) U-shaped.

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