Question
A decrease in the long-run average total cost as outputincreases is due to a declining average fixed cost. economies of scale. externalities. the law of
A decrease in the long-run average total cost as outputincreases is due to
a declining average fixed cost.
economies of scale.
externalities.
the law of diminishing returns.
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
