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    Microeconomics Study Set 25
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    Exam 11: Behind the Supply Curve: Inputs and Costs
  5. Question
    When Long-Run Average Total Cost Is Constant as Output Increases,the
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When Long-Run Average Total Cost Is Constant as Output Increases,the

Question 3

Question 3

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When long-run average total cost is constant as output increases,the firm has constant returns to scale.

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