If Long-Run Average Costs Are Falling, Then the Firm Is

question 59

True/False

If long-run average costs are falling, then the firm is experiencing diseconomies of scale.

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Definitions:

Manufacturing Firm

A company that produces goods or products using raw materials and various processes such as assembly or fabrication.

Alignment Of Strategies

The process of ensuring all aspects of an organization's strategies are coordinated and supportive of the organization's goals and objectives.

Performance Management

A systematic process by which an organization involves its employees in improving organizational effectiveness in the accomplishment of the organization's mission and goals.

Functional Fit

A measure of how well a particular strategy, process, or system suits the operational needs of an organization.