When LRATC falls as output expands, _______ of scale occur. When LRATC does not vary with output,

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When LRATC falls as output expands, _______ of scale occur.

When LRATC does not vary with output, the firm faces ___________________to scale. When LRATC rises as output expands, __________________ of scale occur.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 03:02 AM

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When LRATC falls as output expands, _______ of scale occur. When LRATC does not vary with output,

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