The positively-sloped part of the long-run average total cost curve is
The positively-sloped part of the long-run average total cost curve is due to which of the following?
A) Diseconomies of scale.
B) Diminishing returns.
C) The firm being able to take advantage of large-scale production techniques as it expands its output.
D) The increase in productivity that results from specialization.
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.