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Suppose That a Firm's Long-Run Average Total Costs of Producing

Question 613

Multiple Choice

Suppose that a firm's long-run average total costs of producing small commuter jet airplanes increases as it produces between 2,000 and 4,000 airplanes. For this range of output, the firm is experiencing


A) economies of scale.
B) constant returns to scale.
C) diseconomies of scale.
D) specialization.

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