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Business, 06.11.2019 00:31 alyssa2157

A​ firm's short-run average cost curve is​ u-shaped. which of these conclusions can be reached regarding the​ firm's returns to​ scale?
a. the firm experiences​ increasing, constant, and decreasing returns in that order.
b. the firm experiences first​ decreasing, then increasing returns to scale.
c. the firm experiences increasing returns to scale.
d. the​ short-run average cost curve reveals nothing regarding returns to scale.

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