MCQs>Finance & Management>Economics Fundamentals>_____________ refers to the change in the output of a firm or industry in the long run, when all inputs are increased or decreased simultaneously in the same ratio.
Economics Fundamentals MCQs
_____________ refers to the change in the output of a firm or industry in the long run, when all inputs are increased or decreased simultaneously in the same ratio.
Answer
Correct Answer: Returns to scale
Explanation:
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