The long run average cost curve may initially slope downward due to
A) decreasing average fixed costs.
B) increasing marginal returns.
C) economies of scale.
D) All of the above.
C
Economics
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Special interest groups often a. represent broad questions of public interest. b. pursue rent-seeking behavior
c. do not use lobbying techniques. d. have no effect on the political process.
Economics
The most important characteristic of the equilibrium price is that it: a. guarantees that producers earn profit. b. clears the market
c. increases the quantity demanded. d. decreases the quantity demanded.
Economics