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For this chapter we assume there are constant returns to scale at all scales in a monopoly. This implies that Group of answer choices the
For this chapter we assume there are constant returns to scale at all scales in a monopoly. This implies that Group of answer choices the monopoly will be allocatively efficient. in the long-run, the marginal cost is greater than the average total cost. in the long-run, the average total cost curve is a horizontal straight line. the supply curve of the firm is a segment of the marginal cost curve
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