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    Exam 11: Technology, Production, and Costs
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    Long-Run Cost Curves Are U-Shaped Because
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Long-Run Cost Curves Are U-Shaped Because

Question 163

Question 163

Multiple Choice

Long-run cost curves are U-shaped because


A) of the law of demand.
B) of the law of diminishing returns.
C) of economies and diseconomies of scale.
D) of the law of supply.

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