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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.4
Unit 3 – Production, Cost, and the Perfect Competition Model
3.4 Types of Profit
mixed difficulty
Economies of scale occur when a firm experiences?
Increasing average total costs as production increases
Decreasing average total costs as production increases
Negative profit
Constant returns to scale
Study guides (1)
AP Microeconomics - 3.4 Types of Profit
Key terms
Economies of Scale
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