When a Firm Is No Longer Able to Reduce Its

question 176

True/False

When a firm is no longer able to reduce its long-run average cost by expanding, it has achieved its minimum efficient scale of production.

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Definitions:

Intimacy

Refers to a close, familiar, and usually affectionate or loving personal relationship with another person or group.

Tone

The attitude or approach that the speaker or writer takes towards the subject, reflected in their choice of words or style.

Passive Voice

A grammatical construct wherein the subject of the sentence is acted upon by the verb, often distancing the subject from the action.

Impersonal Tone

A communication style that lacks personal emotion or feeling, often used in formal contexts.