Economies of scale exist whenever long-run average costs:
A) Increase as output is increased
B) Remain constant as output is increased
C) Decrease as output is increased
D) Decline and then rise as output is increased
E) None of the above

Name: Economies of scale exist whenever long-run average costs: A) Increase as output is increased B) Remain constant as output is increased C) Decrease as output is increased D) Decline and then rise as output is increased E) None of the above
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Question

Quizplus · Accepted Answer

The Answer is C

Economies of Scale Exist Whenever Long-Run Average Costs