McqMate
| Q. |
A firm encountering economies of scale over some range of output will have a: |
| A. | rising long-run average cost curve |
| B. | falling long-run average cost curve |
| C. | constant long-run average cost curve |
| D. | rising, then falling, then rising long-run average cost curve |
| Answer» B. falling long-run average cost curve | |
View all MCQs in
MicroEconomics, Theory and Applications 1No comments yet