Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 14, Problem 8MCQ
To determine

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

  1. The short-run average total cost curve shifts downward
  2. The long run average cost curve slopes downward
  3. The short run average total cost curve shifts downward if economies of scale exist
  4. The average total cost of production rises

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