Multiple Choice
If technological innovation occurs when a firm is experiencing diseconomies of scale:
A) the long-run average total cost curve will shift down but will still rise as output expands.
B) long-run average total costs will remain the same as output expands.
C) short-run average total costs will fall as output expands.
D) product prices will rise, leading to inflation.
Correct Answer:

Verified
Correct Answer:
Verified
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