If a firm enjoys economies of scale up to a certain output level, and cost then increases

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If a firm enjoys economies of scale up to a certain output level, and cost then increases proportionately with output, what can you say about the shape of the long-run average cost curve?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:21 AM

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If a firm enjoys economies of scale up to a certain output level, and cost then increases

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When the firm experiences economies of scale its longrun average ...View the full answer

Microeconomics

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