Answer
a. economies, falling
Work Step by Step
Specialisation of workers helps boost the efficiency of the firm, thus lowering the average total costs and exhibiting economies of scale in the long run.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 13 - Part V - The Costs of Production - Quick Check Multiple Choice - Page 276: 6
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