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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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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
