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  3. Study Set
    Principles of Microconomics
  4. Exam
    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    How Do Increasing Returns to Scale Affect the Shape of the Long-Run
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How Do Increasing Returns to Scale Affect the Shape of the Long-Run

Question 6

Question 6

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How do increasing returns to scale affect the shape of the long-run average cost curve?

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When the firm faces increasing...

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