Question: Under increasing returns to scale, average cost A. Falls B. Remains Constant C. Rises as the quantity produced increases. Over this range of output, the

Under increasing returns to scale, average cost

A. Falls

B. Remains Constant

C. Rises

as the quantity produced increases. Over this range of output, the marginal cost curve is

A. Lower than

B. Higher than

C. Equivalent to

the average cost curve?

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