Learning economies differ from economies of scale because

A. the former involves rising average costs and the latter involves falling average costs as a result of higher output levels.
B. the former involves output in a single period of production and the latter involves cumulative output.
C. the first is a short-run phenomenon and the second is a long-run phenomenon.
D. the former involves cumulative production and the latter involves rate of production per period.


Answer: D

Economics

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