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If Output Is Increased in the Long-Run,average Production Costs in the Presence

question 6

Multiple Choice

If output is increased in the long-run,average production costs in the presence of internal economies of scale will ________,and in the presence of external economies of scale,will ________.


Definitions:

Likelihood

The probability or chance that a particular event will occur.

HIV Transmission

The process by which the Human Immunodeficiency Virus (HIV) is spread from one person to another, most commonly through unprotected sexual contact, sharing needles, or from mother to child during birth or breastfeeding.

Living With HIV

The experience of managing life with Human Immunodeficiency Virus, which affects the immune system and can lead to AIDS if not treated effectively.

Precautions

Measures or actions taken in advance to prevent harm or injury, or to ensure safety.

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