When Long-Run Average Costs Decline as Output Increases, the Firm

question 98

Multiple Choice

When long-run average costs decline as output increases, the firm is experiencing

• A) negative returns to scale.
• B) diseconomies of scale.
• C) constant returns to scale.
• D) economies of scale.

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A representation of a specific event or object, produced by the mind, that is not presently being sensed but is recalled or imagined.

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