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When an increase in a firm's scale of production leads to lower average costs, we say that there are: O A. constant returns to
When an increase in a firm's scale of production leads to lower average costs, we say that there are: O A. constant returns to scale. OB. diseconomies of scale. O C. decreasing returns to scale. O D. economies of scale.
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The correct answer is D economies of ...
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
