If a Firm's Long-Run Average Cost Curve Is Rising, It

question 58

Multiple Choice

If a firm's long-run average cost curve is rising, it is experiencing:

• A) a constant return to scale.
• B) economies of scale.
• C) diseconomies of scale.
• D) none of the above.

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Definitions:

Antietam

The site of a decisive battle during the American Civil War in September 1862, known as the bloodiest single-day battle in American history.

Emancipation

The act of freeing individuals from slavery or servitude.

White Northerners

Individuals from the northern United States, typically associated with specific historical, cultural, or political contexts.

Civil War

A major conflict within a country or between factions within a country, often characterized by a struggle for power, territory, or ideological change.