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Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954 Exercise 18
The long-run ATC curve in this figure derives its shape from: a. decreasing, then increasing, short-run returns.
B) increasing, then decreasing, short-run returns.
C) economies, then diseconomies, of scale.
D) diseconomies, then economies, of scale.
B) increasing, then decreasing, short-run returns.
C) economies, then diseconomies, of scale.
D) diseconomies, then economies, of scale.
Explanation
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The shape of long-run total cost curve i...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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