Question
In a decreasing-cost industry, an increase in output will lead to an upward shift in the ATC curve. an upward shift in the MC
In a decreasing-cost industry, an increase in output will lead to an upward shift in the ATC curve. an upward shift in the MC curve. a reduction in long-run per-unit costs. an increase in long-run per-unit costs.
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Understanding Financial Statements
Authors: Lyn Fraser, Aileen Ormiston
11th edition
978-0133874037
