Consider the following statements when answering this question. I. Investment in new technology generates learning by doing.
II) Economies of scale cannot shift the long-run average cost curve down, whereas learning by doing can.
A) I is true, and II is false.
B) I is false, and II is true.
C) Both I and II are true.
D) Both I and II are false.

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The Answer of Consider the following statements when answering this question. I. Investment in new technology generates learning by doing.
II) Economies of scale cannot shift the long-run average cost curve down, whereas learning by doing can.
A) I is true, and II is false.
B) I is false, and II is true.
C) Both I and II are true.
D) Both I and II are false.

Consider the Following Statements When Answering This Question