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For a firm, what does constant returns to scale refer to? Select one: a. Short-run average total cost does not change as the quantity of

For a firm, what does "constant returns to scale" refer to?

Select one:

a. Short-run average total cost does not change as the quantity of output changes.

b. Short-run average total cost changes at a constant rate as the quantity of output changes.

c. Long-run average total cost changes at a constant rate as the quantity of output changes.

d. Long-run average total cost does not change as the quantity of output changes.

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