3. The long-run ATC curve in this figure derives its shape from: a. decreasing, then increasing, short-run

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3. The long-run ATC curve in this figure derives its shape from:

a. decreasing, then increasing, short-run returns.

b. increasing, then decreasing, short-run returns.

c. economies, then diseconomies, of scale.

d. diseconomies, then economies, of scale.

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Economics Principles Problems And Policies

ISBN: 9780073511443

19th Edition

Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn

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