A Decrease in the Long-Run Average Costs Resulting from Increasing

question 177

Multiple Choice

A decrease in the long-run average costs resulting from increasing output is referred to as

• A) diseconomies of scale.
• B) constant return to scale.
• C) a scale invariant process.
• D) economies of scale.

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Definitions:

English Exam

A test assessing one's knowledge, proficiency, and understanding of the English language.

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