Profit Maximizing Under Perfect Competition & Monopoly Mcqs


Q.  Suppose Handel’s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?

a. downward sloping to the right
b. U-shaped
c. Horizontal
d. upward sloping to the right


ANSWER: See Answer
 
No explanation is available for this question!
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