The Long-Run Average Cost Curve Slopes Downward If There Are

question 44

Multiple Choice

The long-run average cost curve slopes downward if there are:

• A) some factors without diminishing marginal returns.
• B) economies of scope in the management of multiplant operations.
• C) economies of scale.
• D) diseconomies of scope in the management of multiplant operations.
• E) no factors without diminishing marginal returns.

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Definitions:

Germany

A country in Central Europe known for its rich history, cultural heritage, and significant role in world affairs.

Japan

A country in East Asia known for its rich culture, history, and technological advancements.

India

A country in South Asia, known for its diverse culture, languages, and as the world's largest democracy.

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