The Positively-Sloped Part of the Long-Run Average Total Cost Curve

question 86

Multiple Choice

The positively-sloped part of the long-run average total cost curve is due to which of the following?

• A)Diseconomies of scale.
• B)Diminishing returns.
• C)The firm being able to take advantage of large-scale production techniques as it expands its output.
• D)The increase in productivity that results from specialization.

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