Multiple Choice
Economies of scale occur where
A) long-run average cost falls as new firms enter the industry
B) short-run average cost falls as new firms enter the industry
C) long-run average cost falls as one firm expands plant size
D) short-run average cost falls as one firm expands plant size
E) long-run average cost rises as one firm expands plant size
Correct Answer:

Verified
Correct Answer:
Verified
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