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When Long Run Average Cost increases as quantity increases, which of the following is true? A firm experiences diminishing returns to an input as one
When Long Run Average Cost increases as quantity increases, which of the following is true? A firm experiences diminishing returns to an input as one input is fixed, which increases its marginal cost A firm experiences diseconomies of scale or decreasing returns to scale due to complexities in coordination and management Both a) and b) are correct None of the above
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