On the Upward Sloping Portion of a Firm's Long-Run Average

question 316

Multiple Choice

On the upward sloping portion of a firm's long-run average cost curve, it is experiencing

• A) economies of scale.
• B) constant returns to scale.
• C) diseconomies of scale.
• D) diminishing marginal returns.

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Slave Trade

The historical trade in enslaved Africans, transported primarily to the Americas, which formed part of a triangular trade route involving Europe, Africa, and the Americas.