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Graphically, the phenomenon known as economies of scale can be identified by which of the following descriptions?

A

the segment of the average variable cost curve that is rising

B

the point when the marginal cost curve begins to rise

C

the mid-section of the long-run average total cost curve

D

the segment of the long-run average total cost curve that is declining

E

the segment of the long-run average total cost curve that is rising

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