📊 MicroEconomics, Theory and Applications 1
Q. The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
  • (A) of diseconomies of scale
  • (B) of minimum efficient scale
  • (C) of the law of diminishing returns
  • (D) normal profit exceeds economic profit
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✅ Correct Answer: (C) of the law of diminishing returns

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