Multiple Choice
The positively-sloped part of the long-run average total cost curve is due to which of the following?
A) Diseconomies of scale.
B) Diminishing returns.
C) The firm being able to take advantage of large-scale production techniques as it expands its output.
D) The increase in productivity that results from specialization.
Correct Answer:
Verified
Correct Answer:
Verified
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