MCQOPTIONS
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MCQOPTIONS
| 1. |
A firm encountering economies of scale over some range of output will have a: |
| A. | rising long-run average cost curve. |
| B. | falling long-run average cost curve. |
| C. | constant long-run average cost curve. |
| D. | rising, then falling, then rising long-run average cost curve. |
| Answer» C. constant long-run average cost curve. | |