When long-run average cost decreases as output increases there are definitely

A) increasing marginal returns.
B) economies of scale.
C) Both answers A and B are correct.
D) Neither answer A nor B is correct.

B

Economics

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What is the world price of sugar without the tariff?

A. $2,000/ton B. $1,500/ton C. $1,000/ton D. $500/ton

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