When a firm can achieve economies of scale by expanding,its long-run ATC curve:
A) slopes downward.
B) slopes upward.
C) is flat.
D) Any of these is possible.
Correct Answer:
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Q124: In the long run,when an increase in
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Q126: Economies of scale refers to when:
A) an
Q127: In the long run when an increase
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Q131: Constant returns to scale refers to when:
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Q133: The short run:
A) means the firm cannot
Q134: How long is the long run?
A) A
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