Economies of Scale Means That

question 13

Multiple Choice

Economies of scale means that

• A) the average fixed cost curve slopes downward over its entire range.
• B) the four-firm concentration ratio is below 80.
• C) the long-run average total cost curve slopes downward over it entire range.
• D) the long-run total cost curve slopes downward over it entire range.

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Alcohol Consumption

The practice of drinking beverages that contain ethanol, which can have varying social, cultural, and health implications.

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