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7) A downward-sloping LRAC curve will shift downward because of A) specialization. B) a decrease in factor prices. C) the use of large, specialized machinery as the volume of output increases. D) factor substitution. E) economies of scale.
7) A downward-sloping LRAC curve will shift downward because of A) specialization. B) a decrease in factor prices. C) the use of large, specialized machinery as the volume of output increases. D) factor substitution. E) economies of scale.
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