True or false. The U shape of the long-run ATC curve is the result of diminishing returns.
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True or false. The U shape of the long-run ATC curve is the result of diminishing returns.
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False The longrun ATC curves U shape cannot be explained by diminishing returns That is because ...View the full answer
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Related Book For 
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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