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If a firm experiences constant returns to scale at all output levels, then its long-run average total cost curve would Group of answer choices slope downward. be horizontal. slope upward. slope downward for low output levels and upward for high output levels.

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ayokenny2001

A firm's long-run average total cost curve would be horizontal if it experiences constant returns to scale at all output levels.

What is constant returns to scale?

Constant returns to scale is a situation that occurs when the average cost does not change when there is an increase in output.

Constant returns to scale is a situation where an increase in input causes an equal proportionate increase in output level. Here the average cost of production will not change due to the increase in inputs.

Hence, a firm's long-run average total cost curve would be horizontal if it experiences constant returns to scale at all output levels.

Learn more about constant returns to scale here : https://brainly.com/question/15853008

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