Question
multiple choice When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is
multiple choice
When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is experiencing __________ .
horizontal; constant returns to scale
downward sloping; constant returns to scale
upward sloping; diseconomies of scale
downward sloping; economies of scale
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
