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Question 7

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Use the following to answer questions below: -Refer to the long-run average cost (LAC) curve graph. At which level of output is the firm experiencing decreasing returns to scale? A) Output level A B) Output level B C) Output level C D) None of the above is correct.
-Refer to the long-run average cost (LAC) curve graph. At which level of output is the firm experiencing decreasing returns to scale?


A) Output level A
B) Output level B
C) Output level C
D) None of the above is correct.

Correct Answer:

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