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Suppose a firm's production technology exhibits constant returns to scale. The firm's long-run average cost curve will a. be U-shaped b. be a horizontal straight

Suppose a firm's production technology exhibits constant returns to scale. The firm's long-runaveragecost curve will

a.

be U-shaped

b.

be a horizontal straight line.

c.

exhibit economies of scale.

d.

exhibit diseconomies of scale.

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