#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Over downward-sloping segment of an LRATC, increasing the scale of the firm reduces ATC.
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Parent (intermediate) annotationOpen itA downward-sloping segment of an LRATC curve indicates economies of scale (increasing returns to scale). Over such a segment, increasing the scale of the firm reduces ATC.
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- (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88
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