Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
A)downward sloping
B)upward rising
C)parallel to output axis
D)identical to short run average cost curve

Question

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The Answer of Under increasing returns to scale, which of the following is the nature of the long run average cost curve?
A)downward sloping
B)upward rising
C)parallel to output axis
D)identical to short run average cost curve

Under Increasing Returns to Scale, Which of the Following Is