Long-Run Economies of Scale Exists When the Long-Run Average Cost

question 79

Multiple Choice

Long-run economies of scale exists when the long-run average cost curve:

• A) rises.
• B) remains constant.
• C) falls.
• D) does not exist.

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Definitions:

Stereotypes

Oversimplified and generalized beliefs about a group of people that often ignore individual differences and complexities.

Bias

A predisposition or preconceived notion that influences a person's perspective, behavior, or judgment, often in an unfair or negative way.

Prejudiced

Having preconceived opinions or judgments about someone or something that are not based on reason or actual experience, often manifesting in unfair and discriminatory attitudes.

Jigsaw Method

A cooperative learning strategy where students from diverse backgrounds work in pieces to complete a puzzle-like problem.