Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___. The short-run average total cost curve shifts downward The long run average cost curve slopes downward The short run average total cost curve shifts downward if economies of scale exist The average total cost of production rises

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Chapter 14, Problem 8MCQ

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Choose the correct answer from the following options: In the long run, with a rise in the plant size, ___.

The short-run average total cost curve shifts downward
The long run average cost curve slopes downward
The short run average total cost curve shifts downward if economies of scale exist
The average total cost of production rises

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