Multiple Choice
For many firms the LRAC curve is U- shaped.The downward- sloping portion of the LRAC curve can be explained by
A) economies of scale.
B) the spreading of overhead.
C) both (a) and (b) .
D) declining prices of the fixed factor
E) decreasing short- run marginal cost.
Correct Answer:
Verified
Correct Answer:
Verified
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