Question: When thelong-run average cost curve isfalling, the firm A. is experiencing diseconomies of scale. B. is experiencing constant returns to scale. C. needs to contract
When thelong-run average cost curve isfalling, the firm
A.
is experiencing diseconomies of scale.
B.
is experiencing constant returns to scale.
C.
needs to contract the scale of their operations to produce more efficiently.
D.
is experiencing economies of scale.
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