Multiple Choice
Which of the following cost curves demonstrate increasing returns to scale?
A) returns to scale have nothing to do with the shape of the long- run average cost curve
B) a horizontal long- run average cost curve
C) a downward- sloping long- run average cost curve
D) an upward- sloping long- run average cost curve
E) a vertical long- run average cost curve
Correct Answer:

Verified
Correct Answer:
Verified
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