#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
An upward-sloping segment of an LRATC curve indicates diseconomies of scale, where average unit costs will rise as the scale of the business (and long-run output) increases.
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- (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88
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