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Worksheet - Post Ramadan 1 Q1. Returns to scale shows the relationship between long-run average cost and output of a firm. Economies of scale arises

Worksheet - Post Ramadan 1 Q1. Returns to scale shows the relationship between long-run average cost and output of a firm. Economies of scale arises when: A. long-run average cost decreases as output increases B. long-run average cost remains constant as output increases C. long run average cost rises as output rises D. None of the above

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