For many firms the LRAC curve is U- shaped.The downward- sloping portion of the LRAC curve can be explained by
A)economies of scale.
B)the spreading of overhead.
C)both (a)and (b).
D)declining prices of the fixed factor
E)decreasing short- run marginal cost.

Question

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The Answer of For many firms the LRAC curve is U- shaped.The downward- sloping portion of the LRAC curve can be explained by
A)economies of scale.
B)the spreading of overhead.
C)both (a)and (b).
D)declining prices of the fixed factor
E)decreasing short- run marginal cost.

For Many Firms the LRAC Curve Is U- Shaped