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The shape of the long-run average cost curve is best explained by the

The shape of the long-run average cost curve is best explained by the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Law of diminishing returns
  • B Law of returns to scale
  • C Cost of fixed inputs
  • D Cost of variable inputs
Correct Answer: Option B
Explanation:

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