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51) The U-shape of the ATC curve arises because of A) spreading total fixed cost over a larger output and eventually increasing returns. B) spreading
51) The U-shape of the ATC curve arises because of A) spreading total fixed cost over a larger output and eventually increasing returns. B) spreading total fixed cost over a larger output and eventually diminishing returns. C) increasing labour productivity as more labour is hired. D) initially falling fixed costs and eventually rising fixed costs. E) initially falling marginal cost and eventually rising marginal cost
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