Multiple Choice
Economies of scale refers to the:
A) fall in an FI's average costs of production as its output decreases
B) fall in an FI's average costs of production as its output increases
C) fall in an FI's average costs of production as its output remains stable
D) increase in an FI's average costs of production as its output increases
Correct Answer:
Verified
Correct Answer:
Verified
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