What is the relationship between the LRAC curve and economies?

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19 Dec 2020

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7) Economies of scale are present when A) the LRAC curve is horizontal. B) total fixed cost increases. C) the LRAC curve slopes downward. D) average total cost rises as output increases. E) average total cost remains constant as input increases.

7) Economies of scale are present when A) the LRAC curve is horizontal. B) total fixed cost increases. the LRAC curve slopes downward. D) average total cost rises as output increases. E) average total cost remains constant as input increases.

21) Economies of scale are present when A) the LRAC curve slopes downward. B) total fixed cost increases. c) the LRAC curve is horizontal. D) average total cost rises as input increases. E) average total cost remains constant as input increases

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What is the relationship between the LRAC curve and economies?

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