MCQOPTIONS
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| 1. |
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» C. Horizontal | |