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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.2
A company's marginal cost (MC) initially decreases, reaches a minimum point, and then starts increasing. What could be a possible explanation for this pattern?
Economies of scale
Diminishing marginal returns
Changes in government regulations
Technological advancements
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AP Microeconomics - 3.2 Short-Run Production Costs
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Marginal Cost (MC)
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About Us
About Fiveable
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Careers
Testimonials
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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