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The U-shape of the long run average cost curve can be explained by the?

The U-shape of the long run average cost curve can be explained by the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Law of increasing returns
  • B Law of constant returns
  • C Law of diminishing returns
  • D Concepts of economies and diseconomies of scale
Correct Answer: Option A
Explanation:

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