_____ occur when long-run average total cost does not change as output increases.
A) Constant returns to scale
B) Economies of scale
C) Diseconomies of scale
D) Minimum efficient scales
Correct Answer:
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Q107: (Figure: Long-Run and Short-Run Average Total Cost
Q108: (Figure: Long-Run and Short-Run Average Total Cost
Q109: _ occur when long-run average cost declines
Q110: _ is the point at which businesses
Q111: The smallest level of output at which
Q113: _ occurs when long-run average total cost
Q114: The first part of a typical long-run
Q115: _ is a source of diseconomies of
Q116: _ is a reduction in costs that
Q117: Because of diseconomies of scale, a firm
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