Decreasing Returns to Scale Is Strictly a Short Run Phenomenon

question 236

True/False

Decreasing returns to scale is strictly a short run phenomenon for firms.

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Definitions:

Accident

An unintended or unforeseeable event causing damage or injury.

Division

In logic, the process of breaking down a general statement into more detailed particular statements.

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A category of classification in biology ranking above species and below family, or more generally, a class of items that share common characteristics.

Species

A collection of comparable organisms from nature able to partake in the process of interbreeding or gene swapping.