Multiple Choice
A firm has _____ when it is able to spread fixed costs over a greater quantity of output if it increases output, but it has _____ when output increases long-run average total costs.
A) diseconomies of scale; economies of scale
B) minimum efficient scale; economies of scale
C) economies of scale; diseconomies of scale
D) economies of scale; minimum efficient scale
Correct Answer:
Verified
Correct Answer:
Verified
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