Define returns to scale. Why is this considered a long-run phenomenon?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:31 AM

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Define returns to scale. Why is this considered a long-run phenomenon?

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Returns to scale is a measure of the increa...View the full answer

Managerial Economics

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