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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