Multiple Choice
You overhear a businessman say: "We want to be big because there are economies associated with bigness." What he means is that
A) total cost decreases as more is produced.
B) long-run average cost decreases as more is produced.
C) marginal cost decreases as more is produced.
D) total fixed cost decreases as more is produced.
Correct Answer:
Verified
Correct Answer:
Verified
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