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Title: Assume that you observe the long-run average cost curve of ACME Bookstores, a national chain. Starti Post by: Tidy on Jun 21, 2015 Assume that you observe the long-run average cost curve of ACME Bookstores, a national chain. Starting from the point on the curve where output is zero and moving to the right which of the following lists the behavior of long-run average costs in the correct sequence (that is, which will be observed first, second, etc.)?
A) minimum efficient scale; economies of scale; constant returns to scale; diseconomies of scale B) economies of scale; constant returns to scale; diseconomies of scale; minimum efficient scale C) constant returns to scale; economies of scale; minimum efficient scale; diseconomies of scale D) economies of scale; minimum efficient scale; constant returns to scale; diseconomies of scale Title: Re: Assume that you observe the long-run average cost curve of ACME Bookstores, a national chain. St Post by: Smoooth on Jul 27, 2015 Content hidden
Title: Re: Assume that you observe the long-run average cost curve of ACME Bookstores, a national chain. Starti Post by: Smoooth on Aug 31, 2015 No problemo :-]
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