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In the Electricity Generation Industry, the Cost Per Kilowatt Hour

Question 82

Multiple Choice
In the electricity generation industry, the cost per kilowatt hour of electricity declines as the capacity to generate output increases. This situation represents

In the electricity generation industry, the cost per kilowatt hour of electricity declines as the capacity to generate output increases. This situation represents


A) a poor opportunity for investors.
B) constant returns to scale.
C) diseconomies of scale.
D) economies of scale.
E) that electricity generation doesn't harm the environment.

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