a
law of increasing returns
b
law of constant returns
c
law of diminishing returns
d
concepts of economies and diseconomies of scale
Explanation
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Discussions (2)
oyibekelvin
3 years ago
The U-shape of the long run average cost curve can be explained by the concepts of economies and diseconomies of scale.
samson394978
1 year ago
The long run average cost is a trade-off between Economies and Diseconomies of Scale
