Business

21 June, 00:40

If a single firm can produce and supply an entire market at a lower per unit cost than many small firms, the long-run average total cost must be

(A) Increasing as firm size increase

(B) Remaining constant as firm size increase

(C) Decreasing as the firm's output increase

(D) Inelastic due to specialization

(E) Constant and equal to marginal cost

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