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Author Question: Suppose a firm experiences lower average costs whenever output increases in the long run. Then we ... (Read 55 times)

acc299

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on: Jul 20, 2019
Suppose a firm experiences lower average costs whenever output increases in the long run. Then we would expect the firm to have:
◦ an L-shaped long-run average cost curve.
◦ a long-run average cost curve that always decreases.
◦ a minimum efficient scale relatively close to the origin.
◦ a U-shaped long-run average cost curve.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by acc299 on Jul 20, 2019

karlss

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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acc299

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Reply 2 on: Jul 20, 2019
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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