Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is this statement true or false: the reason that diseconomies of scale (decreasing returns to scale) exist in the longrun is because at some point

Is this statement true or false: the reason that diseconomies of scale (decreasing returns to scale) exist in the longrun is because at some point when the firm continues to increase it's scale ofoperation, there are no efficiency gains on the production side? Explain why.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Principles A Value Approach

Authors: David C Ling, Wayne Archer

5th edition

77836367, 978-0077836368

More Books

Students also viewed these Economics questions

Question

8. What are the costs of collecting the information?

Answered: 1 week ago