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How Do Decreasing Returns to Scale Affect the Shape of the Long-Run

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Essay

How do decreasing returns to scale affect the shape of the long-run average cost curve?


Definitions:

Differentiated Cell

A cell that has developed and specialized to perform a specific function in the body.

Genes

Sequences of DNA that contain the instructions to build and maintain an organism's cells and pass traits to offspring.

Percent

A measure or ratio expressed as a fraction of 100.

Sex Chromosomes

Chromosomes that determine the sex of an organism, commonly referred to as X and Y chromosomes in many species.

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