The following table provides information about long-run average cost curve of a firm: Quantity LRAC 100 50 200 43 300 39 400 39 500 44 600 52     a. For output levels between 300 and 400, the firm has constant returns to scale.  b. This cost structure is an example of natural monopoly.  c. For output levels greater than 400, the firm has economies of scale.  d. For the first 300 units of output, this firm has diseconomies of scale.

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