In the short run
A) all inputs are variable.
B) all firms experience increasing returns to scale.
C) some firms experience economies of scale.
D) no firm experiences economies of scale.
Correct Answer:
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Q371: When long-run average costs increase as output
Q372: When long-run average costs decrease as output
Q373: Economies of scale refer to the range
Q374: If the average total cost of producing
Q375: Diminishing marginal returns means that the firm
Q377: A firm experiences _ when its _
Q378: Economies of scale refer to
A) the point
Q379: Electric utility companies have built larger and
Q380: "Diseconomies of scale" occur in
A) the long
Q381: 
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