If a firm experiences economies of scale,its long-run average cost curve is

Name: If a firm experiences economies of scale,its long-run average cost curve is
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If a firm experiences economies of scale, its long-run average cost curve is downward sloping. This implies that the larger the scale of production, the lower the average cost of production per unit. This could be due to factors such as reduced input costs, increased specialization, and better utilization of capital and labor.

If a Firm Experiences Economies of Scale,its Long-Run Average Cost