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When the long-run average cost curve is downward sloping, _____ a. The premise of the question is wrong because long-run average cost curves never slope
When the long-run average cost curve is downward sloping, _____ a. The premise of the question is wrong because long-run average cost curves never slope downward. b. the firm experiences constant returns to scale. c. the firm experiences diseconomies of scale. d. the firm experiences economies of scale. e. the firm's average fixed cost curve must be upward sloping
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
