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Question

The negatively-sloped (i.e. falling) part of the long-run average total cost curve is due to which of the following?


A

Diseconomies of scale.

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B

Diminishing returns.

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C

The difficulties encountered in coordinating the many activities of a large firm.

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D

The increase in productivity that results from specialization.

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Solution

The correct option is D

The increase in productivity that results from specialization.


Specialisation results in the negatively-sloped (i.e. falling) part of the long-run average total cost curve.


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