Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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