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All Else Constant,an Improvement in Technology at Each Scale of Operation

Question 70

Multiple Choice

All else constant,an improvement in technology at each scale of operation would cause:


A) a movement up an industry's LRAC curve.
B) a movement down an industry's LRAC curve.
C) an upward shift of an industry's LRAC curve.
D) a downward shift of an industry's LRAC curve.

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