If the Long-Run Average Total Cost Curve Is Rising as Output

question 100

True/False

If the long-run average total cost curve is rising as output increases, then the firm faces diseconomies of scale.

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Definitions:

Medication

Substances used to diagnose, treat, or prevent disease and improve health in humans or animals, often in the form of drugs or pharmaceuticals.

Unethical

Unethical behavior is that which goes against moral principles or professional standards, often involving actions that are dishonest, unfair, or harmful to others.

Drug Treatment

The use of pharmaceutical substances to treat or manage medical conditions.

Mental Hospital

A healthcare facility specializing in the treatment and care of individuals with mental health conditions.