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

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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