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Question 12

A firm's declining long run average cost curve over some ranges of output can be explained by

  • A.increasing costs
  • B.diminishing returns
  • C.increasing returns to scale
  • D.decreasing returns to scale
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2015/2016
Question no.
#12
Type
Objective
Previous · Q11The law of diminishing returns begins to operate when the Next · Q13 If an oligopolist incurs losses in the short run, then in the long run

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