A firm that experiences economies of scale has a ______ average cost curve.
A) positively-sloped
B) negatively-sloped
C) U-shaped
D) flat

Name: A firm that experiences economies of scale has a ______ average cost curve. A) positively-sloped B) negatively-sloped C) U-shaped D) flat
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Question

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If a firm experiences economies of scale, its average cost per unit will decrease as it increases its level of output. This results in a negatively-sloped average cost curve.

A Firm That Experiences Economies of Scale Has a ______