The normal long-run average cost curve is influenced by the:

A. Principle of diminishing returns

B. Economies and diseconomies of large scale production

C. Principle of constant return to scale

D. All of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In the range of excess capacity, the average costs are:
  2. The entry of new firms in cournot model is:
  3. Dumping is international discriminating:
  4. Efficient allocation of resources is achieved to a greater extent under:
  5. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  6. In respect of which of the following category of goods is consumers surplus highest?
  7. The shape of the TC curve is:
  8. Revealed Preference Theory was presented by:
  9. Nash equilibrium says:
  10. Least cost combination of two factor inputs is achieved at a point where:
  11. In case of complementary factors, the isoquants are:
  12. Total utility and price are:
  13. A market-clearing price:
  14. According to classical approach, utility can be:
  15. When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  16. The Latin term citeris paribus means:
  17. The main contribution of David Ricardo is in the field of:
  18. In perfect competition, the slope of the total revenue curve of a firm is equal to the:
  19. In monopolistic competition, the individual demand curve is also known as:
  20. An income demand curve of an inferior good is:
  21. Price discrimination occurs when:
  22. The Tit for Tat strategy means cooperation by the 2nd firm if:
  23. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  24. Robbins definition of economics was criticised by:
  25. Elasticity of demand is equal to unity while marginal revenue is:
  26. In case of giffin good, price effect is:
  27. Elasticity (E) expressed by the term, 8 >E>1, is:
  28. In real life firms:
  29. Who stated explicitly for the first time the Law of Camparative Costs?
  30. An iso-product (an isoquant) curve slopes: