The downward sloping part of the long-run average cost curve of a firm may be...
ECONOMICS
JAMB 1999
The downward sloping part of the long-run average cost curve of a firm may be attributable to?
- A. diminishing returns
- B. the law of variable proportions
- C. diseconomies of scale
- D. increasing returns to scale
Correct Answer: D. increasing returns to scale
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