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External Diseconomies of Scale Cause an Industry's Long-Run Supply Curve

question 9

True/False

External diseconomies of scale cause an industry's long-run supply curve to slope upward.

Understand the editorial process, focusing on maintaining the original message's intention while improving clarity and style.
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Definitions:

Marginal Cost

The cost of producing one additional unit of a product, calculated by the change in total cost divided by the change in quantity.

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or output within a business.

Vertical Distance AB

A measure of the difference in height between two points, A and B, often used in mathematics and physics to determine the direct vertical separation.

Average Total Cost Curve

A graphical representation illustrating the cost per unit of output, calculated by dividing the total cost by the quantity of output produced.

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