Flashcard sets with a 'constant returns to scale' term meaning 'a situation in which the long-run total cost increases proportionately with output, so average cost is constant'

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1-1 of 1Flashcard sets with a 'constant returns to scale' term meaning 'a situation in which the long-run total cost increases proportionately with output, so average cost is constant'
# Title Terms Date
1Microeconomics O'Sullivan Chapter 8 - 12by Surfer338377 termsNovember 3, 2009
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