Multiple Choice
The existence of both economies of scale and diseconomies of scale would have what effect on the LRAC curve?
A) It would make it upward-sloping.
B) It would make it downward-sloping.
C) It would give it an inverse U shape.
D) It would give it a U shape.
E) It would make it horizontal.
Correct Answer:
Verified
Correct Answer:
Verified
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