Question

If a firm is experiencing economies of scale in its production process, ______________________________. g

Answer 1

its long-run average total costs will fall

Step-by-step explanation:

Economies of Scale is a term used in business operation or production manufacturing to describe the cost benefits a company or firm acquired when it expands its quantity or number of output. This often leads to a decrease in average variable cost.

Hence, the right answer is this situation is If a firm is experiencing economies of scale in its production process, "its long-run average total costs will fall"