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Long run cost is U-shaped because of the operation of

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Long run cost is U-shaped because of the operation of

A. economies of scale on the left-hand side and diseconomies of scale on the right-hand side
B. diseconomies of scale on the left- and right-hand sides
C. economies of scale on the left- and right-hand sides
D. constant return to scale
E. diseconomies of scale of the left-hand side and economies of scale of the right-hand side




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