The downward sloping part of the long-run average cost curve of a firm may be...

Economics

JAMB 1999

The downward sloping part of the long-run average cost curve of a firm may be attributable to?

A. diminishing returns
B. the law of variable proportions
C. diseconomies of scale
D. increasing returns to scale

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Correct Answer: Option D

Explanation

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The downward sloping part of the long-run average cost curve of a firm may be...

Correct Answer: Option D

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