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

Question 16

Question 16

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

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When the firm faces constant r...

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