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| 10.Which of the following most accurately describes the relationship between the slope of a firm’s long-run average total cost (LRATC) curve and scale economies?Downward sloping segment of LRATCUpward sloping segment of LRATC A:A:Diseconomies of scaleEconomies of scale B:B:Economies of scaleEconomies of scale C:C:Economies of scaleDiseconomies of scale |
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