Constant Returns to Scale Cause the Long-Run Average Cost Curve

question 60

Multiple Choice

Constant returns to scale cause the long-run average cost curve to be:

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

---

Definitions:

Securities Rules

Regulatory guidelines established to govern the trading, offering, and selling of securities to protect investors and ensure market integrity.

Electronic Messages

Communications transmitted through electronic means, such as email, instant messaging, and text messaging.

Verification

The process of confirming the accuracy, truth, or validity of something through examination or evidence.

Instant Messaging

A form of real-time text communication between two or more people over the internet or a network.