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Economies of scale occur when short-run marginal cost falls. the demand for a firm's output increases. a firm's long-run average total costs fall as...
Economies of scale occur when
short-run marginal cost falls.
the demand for a firm's output increases.
a firm's long-run average total costs fall as it increases the quantity of output it produces.
the marginal product of labor is greater than the average product of labor.