3 years ago

When a firm's longminus−run average cost curve is horizontal for a range of output, then in that range production displays?

Business

1 answer:

Lostsunrise [7]3 years ago

7 0

Answer:

constant returns to scale

Explanation:

Constant returns to scale describes a scenario when long run returns as the scale of production increases, when all input levels including physical capital usage are variable.

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Presence or threat of trade barriers

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If a company sees that a specific country has a presence or threat of trade barriers, the company will prefer to invest directly in foreign companies, instead of exporting.

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2 years ago

When a​ firm's longminus−run average cost curve is horizontal for a range of​ output, then in that range production displays?

When a firm's longminus−run average cost curve is horizontal for a range of output, then in that range production displays?