If a Firm Is Experiencing Diseconomies of Scale,its Long-Run Average

question 40

True/False

If a firm is experiencing diseconomies of scale,its long-run average cost curve is upward sloping.

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Definitions:

Weaknesses

Attributes or areas of one's character or abilities that are less developed or less effective than other qualities.

Holder

A legal term for an individual or entity that possesses a negotiable instrument, like a check or promissory note, and has the right to enforce it.

Instrument

A legal document that formally documents a legal or financial transaction or agreement.

Shelter Rule

A legal principle that protects buyers in good faith of personal property under the Uniform Commercial Code from subsequent claims of ownership.