If you read a news report announces a large company is expanding, which of the following is likely to be true regarding the company?
A) Its long- run marginal costs are equal to its long run average cost.
B) Its long- run marginal costs are less to its long run average cost.
C) It is experiencing constant returns to scale.
D) Its long- run marginal costs are greater to its long run average cost.
Correct Answer:
Verified
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