If the Long-Run Average Total Cost Curve Is Downward-Sloping, Then

question 69

True/False

If the long-run average total cost curve is downward-sloping, then the firm is experiencing decreasing returns to scale.

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Definitions:

Rule of Law Index

An indicator measuring how the rule of law is experienced and perceived in different countries around the world.

Transactional Risks

The risks encountered in cross-border commerce, including currency exchange rate fluctuations and changes in market conditions.

World Justice Project

An independent, multidisciplinary organization that promotes the rule of law worldwide and measures the extent to which countries adhere to it.

Commercial Law

Laws specifying the rights and duties of individuals in their business dealings, how businesses are created and organized, and how business is transacted.