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November 24, 2014

Homework Help: Microeconomics

Posted by Gigi on Tuesday, August 19, 2008 at 12:32pm.

Long-run average total costs curves are often U-shaped:

A: For the same reasons that average total cost curces are often U-shaped.

B: Because of constant returns to scales.

C: Because of increasing coordination problems at low levels of production and increasing specailization of workers at high levels of production

D: Because of increasing specialization of workers at low levels of production and increasing coordination problems at high levels of production.

I know B is not the answer. C and D don't seem to be right either. I picked A.

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