If the marginal cost curve is U-shaped
A) there are no productivity gains from specialization,only diminishing marginal product.
B) average fixed costs are continually decreasing.
C) there are productivity gains from specialization before diminishing marginal product sets in.
D) the average total cost curve is continually upward sloping.
E) the average variable cost curve is a straight line.
Correct Answer:
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A)
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