Question: If constant returns to scale are present, A) average total cost is decreasing. B) the LRAC curve is upward sloping. C) average total cost is

  1. If constant returns to scale are present, A) average total cost is decreasing.
  2. B) the LRAC curve is upward sloping.
  3. C) average total cost is increasing.
  4. D) the LRAC curve is downward sloping. E) the LRAC curve is horizontal.

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