When an increase in a firm's scale of production leads to lower average costs, we say...

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When an increase in a firm's scale of production leads to lower average costs, we say that there are: O A. constant returns to scale. OB. diseconomies of scale. O C. decreasing returns to scale. O D. economies of scale. When an increase in a firm's scale of production leads to lower average costs, we say that there are: O A. constant returns to scale. OB. diseconomies of scale. O C. decreasing returns to scale. O D. economies of scale. When an increase in a firm's scale of production leads to lower average costs, we say that there are: O A. constant returns to scale. OB. diseconomies of scale. O C. decreasing returns to scale. O D. economies of scale.

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The correct answer is D economies of ... View the full answer