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Home Q & A Board Other Fields Homework Help Business Economics
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jene277 jene277
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2 years ago
For many firms, the LRAC curve is U-shaped. The downward-sloping portion of the LRAC curve can be explained by

▸ economies of scale.

▸ rising prices of the fixed factor.

▸ diminishing returns to the variable factor.

▸ diminishing returns to the fixed factor.

▸ decreasing short-run marginal cost.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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gamblawcgamblawc
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jene277 Author
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2 years ago
Smart ... Thanks!
bioc
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Yesterday
Helped a lot
ealvino1610
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2 hours ago
Brilliant ツ
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