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Use the Following Graph to Answer the Following Questions

Question 124

Multiple Choice

Use the following graph to answer the following questions.
Use the following graph to answer the following questions.    -If the firm expanded its scale of production and found that its average costs decreased,which of the curves would reflect this situation? A)  LRATC2 and LRATC3 B)  LRATC2 C)  LRATC1 D)  LRATC3 E)  LRATC1 and LRATC2
-If the firm expanded its scale of production and found that its average costs decreased,which of the curves would reflect this situation?


A) LRATC2 and LRATC3
B) LRATC2
C) LRATC1
D) LRATC3
E) LRATC1 and LRATC2

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