CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

Features of a firm's technology that lead to falling long-run average cost as output increases are ______.
A. diminishing returns
B. diseconomies of scale
C. economies of scale

User Contributed Comments 2

User Comment
mansi economies of scale are as the ouptut of a product increases the cost of the product comes down. So the technology that leads to falling long run average cost will be economies of scale.
bidisha Click on check Los button above, and look at the last graph at the bottom of the page
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