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Suppose Fergie's Florist Experiences ________ Up to a Certain Point

Question 148

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Suppose Fergie's Florist experiences ________ up to a certain point and ________ beyond that point. Its long-run average cost curve is most likely to be U-shaped.


A) diseconomies of scale; economies of scale
B) constant returns to scale; economies of scale
C) diseconomies of scale; constant returns to scale
D) economies of scale; diseconomies of scale

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