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MMLU / Which of the following is not correct about economies of scale?

Problem

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question

Which of the following is not correct about economies of scale?

choices

  1. Economies of scale are associated with increases in production of output.
  2. Economies of scale are associated with the rising or increasing portion of an average total cost (ATC) curve.
  3. Economies of scale are associated with the declining or decreasing portions of the ATC curve.
  4. Economies of scale result in decreases in per unit average cost.

subject

high_school_microeconomics

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