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Refer to the Diagram

Question 235

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Refer to the diagram. The vertical distance between ATC and AVC reflects A) the law of diminishing returns. B) the average fixed cost at each level of output. C) marginal cost at each level of output. D) the presence of economies of scale. Refer to the diagram. The vertical distance between ATC and AVC reflects


A) the law of diminishing returns.
B) the average fixed cost at each level of output.
C) marginal cost at each level of output.
D) the presence of economies of scale.

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