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.
Correct Answer:

Verified
Correct Answer:
Verified
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