A ﬁrm that experiences constant returns to scale in the long run over all levels of output will face a _____ long-run average cost curve.

Name: A ﬁrm that experiences constant returns to scale in the long run over all levels of output will face a _____ long-run average cost curve.
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Question

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A firm experiencing constant returns to scale will have constant costs per unit of output regardless of the scale of production, leading to a horizontal long-run average cost curve.

A ﬁRm That Experiences Constant Returns to Scale in the Long