If a Firm Is Experiencing Diseconomies of Scale, Its Long-Run

question 304

True/False

If a firm is experiencing diseconomies of scale, its long-run average cost curve is increasing.

---

Definitions:

Informal Policy

Guidelines or practices that are not officially documented but are understood and followed by members of an organization.

Executive Agencies

Agencies of the government responsible for the enforcement and administration of federal laws, usually under the direct control of the President or executive branch.

Executive Branch

A branch of government responsible for executing or enforcing laws, often headed by a president or prime minister.

Cabinet Departments

Major administrative units in the executive branch of the U.S. federal government, each headed by a Secretary, that advise the President and execute government policy.