Question: multiple choice When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is

multiple choice

When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is experiencing __________ .

horizontal; constant returns to scale

downward sloping; constant returns to scale

upward sloping; diseconomies of scale

downward sloping; economies of scale

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Write short notes: i ) Cost of Quality

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