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When a firm's costs of production exhibit economies of scale (increasing returns to scale) then: A. the firm's long-run marginal cost curve lies above its

When a firm's costs of production exhibit economies of scale (increasing returns to scale) then:

A. the firm's long-run marginal cost curve lies above its long-run average cost curve

B. increasing all of the firm's inputs proportionally increases its profits

C. the long-run average cost is decreasing

D. all of the above

E. none of the above

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