Diamondnado1474 Diamondnado1474
  • 22-07-2022
  • Business
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When a long-run average cost curve illustrates economies of scale it will be ________.

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mboluwape mboluwape
  • 25-07-2022

When a long-run average cost curve illustrates economies of scale it will be downward sloping.

What is long-run average cost curve?

Long-run average cost curve show both goods and the price that good is been sold.

The curve shoes the goods with the lowest price when the price of factors and process involved in production is fixed.

Therefore, When a long-run average cost curve illustrates economies of scale it will be downward sloping.

Learn more on long-run average cost below

https://brainly.com/question/13993528

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