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Under increasing returns to scale, which of the following is the nature of thelong run average cost curve?

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Question:

Under increasing returns to scale, which of the following is the nature of thelong run average cost curve?

A.

downward sloping

B.

upward rising

C.

parallel to output axis

D.

identical to short run average cost curve

Answer» d. identical to short run average cost curve

Note: The above multiple-choice question is for all general and Competitive Exams in India.