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Long-run average cost curve

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Reference no: EM131039948

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) upward sloping to the right.

c) horizontal.

d) U-shaped.

Reference no: EM131039948

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