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Learning Economies Differ from Economies of Scale Because

Question 67

Multiple Choice

Learning economies differ from economies of scale because


A) the former involves rising average costs and the latter involves falling average costs as a result of higher output levels.
B) the former involves output in a single period of production and the latter involves cumulative output.
C) the former involves cumulative production and the latter involves rate of production per period.
D) the first is a short-run phenomenon and the second is a long-run phenomenon.

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