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cng cng
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A year ago
Suppose a firm is experiencing increasing returns to scale. This is shown graphically by

▸ a horizontal long-run average cost curve.

▸ a downward-sloping long-run average cost curve.

▸ a vertical long-run average cost curve.

▸ an upward-sloping long-run average cost curve.

▸ None of the above; returns to scale have nothing to do with the shape of the long-run average cost curve.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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rick32rick32
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A year ago
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cng Author
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Brilliant
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