A firm's short-run average cost curve is u-shaped. which of these conclusions can be reached regarding the firm's returns to scale?
a. the firm experiences increasing, constant, and decreasing returns in that order.
b. the firm experiences first decreasing, then increasing returns to scale.
c. the firm experiences increasing returns to scale.
d. the short-run average cost curve reveals nothing regarding returns to scale.

answer; the above statement is (true);

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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answerprotecting competitors;

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.