Long-run economies of scale exist over the range of output for which the long-run average cost curve is:

Name: Long-run economies of scale exist over the range of output for which the long-run average cost curve is:
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Long-run economies of scale exist when the long-run average cost curve is falling. This means that as output increases, the average cost per unit decreases. This is often due to increased efficiency and lower input costs that come with producing at a larger scale.

Long-Run Economies of Scale Exist Over the Range of Output