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Economics

Explain about the economies and diseconomies of scale.

Economies and Diseconomies of Scale:

a. There are economies of scale while long-run average total cost refuses as output rises.

b. There are diseconomies of scale while long-run average total cost rises as output rises.

c. There are constant returns to scale while long-run average total cost is constant as output raises.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9581484

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