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Home Q & A Board Other Fields Homework Help Business Economics
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cng cng
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2 years 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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Just got PERFECT on my quiz
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Helped a lot
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this is exactly what I needed
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