If a firm experiences economies of scale over all relevant levels of output, its long-run average total cost curve will: slope downward slope upward. O be vertical be horizontal.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
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If a firm experiences economies of scale over all relevantlevels of output, its long-run
average total cost curve will:
O slope downward
O slope upward.
be vertical
O be horizontal.
Transcribed Image Text:If a firm experiences economies of scale over all relevantlevels of output, its long-run average total cost curve will: O slope downward O slope upward. be vertical O be horizontal.
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