Which of the Following Situations Does a Firm Have When

question 65

Multiple Choice

Which of the following situations does a firm have when long-run average total cost decreases as the quantity of output increases

• A)economies of scale
• B)diseconomies of scale
• C)coordination problems arising from the large size of the firm
• D)fixed costs greatly exceeding variable costs

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Definitions:

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In-app Purchases

Transactions made within a software application, allowing users to buy virtual goods or additional content.

Wordscapes App

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The principal or core reason that drives an individual or group to act or achieve certain goals.