Downward Sloping Long-Run Supply Curves Occur in Markets

question 96

Multiple Choice

Downward sloping long-run supply curves occur in markets

• A) with learning-by-doing.
• B) with increasing returns to scale.
• C) with constant returns to scale.
• D) Either A or B

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Definitions:

Different Positions

Refers to the variation in the spatial location or orientation of an object or entity.

Orbits Around

The path of a celestial body as it moves through space under the influence of another body's gravitational force.

Cassini Spacecraft

A robotic spacecraft sent by NASA to study the planet Saturn and its system, including its rings and natural satellites.

Huygens Probe

A space probe that landed on Titan, Saturn's largest moon, in 2005 to study its surface and atmosphere.