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    Managerial Economics Study Set 1
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    Exam 6: Economies of Scale and Scope
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    ​If Long Run Average Costs Rise with Output,you Have
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​If Long Run Average Costs Rise with Output,you Have

Question 18

Question 18

Multiple Choice

​If long run average costs rise with output,you have


A) ​Increasing returns to scale
B) Decreasing returns to scale
C) Constant returns to scale
D) ​None of the above

Correct Answer:

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