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Suppose Greg's Carpet Factory Experiences Economies of Scale Up to a Certain

Question 44

Multiple Choice

Suppose Greg's Carpet Factory experiences economies of scale up to a certain point and constant returns of scale beyond that point.Its long-run average cost curve is most likely to be


A) upward sloping to the right.
B) downward sloping to the right.
C) horizontal.
D) L-shaped.

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