Suppose a firm experiences decreasing returns to scale. This is shown graphically by A. a downwardminus sloping
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Question:
Suppose a firm experiences decreasing returns to scale. This is shown graphically by
A.
a downwardminus
sloping longminus
run average cost curve.
B.
a horizontal longminus
run average cost curve.
C.
an upwardminus
sloping longminus
run average cost curve.
D.
an increasing marginal product curve.
E.
a downwardminus
sloping longminus
run marginalminus
cost curve.
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