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The Long-Run Average Total Cost of Producing 100 Units of Output

Question 259

Multiple Choice

The long-run average total cost of producing 100 units of output is $4, while the long-run average cost of producing 110 units of output is $4. These numbers suggest that the firm producing this output has:


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

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