Economies of scale exist, Economies of scale exist whenever:

Economies of scale exist

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Reference no: EM13735310

Economies of scale exist whenever:

Select one:

a. average total costs decline as output increases.

b. average total costs increase as output increases.

c. average total costs are stationary as output increases.

d. average total costs increase as output increases and average total costs are stationary as output increases.

Reference no: EM13735310

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