Exhibit 10-13 All of the Following Statements Regarding Exhibit

question 203

Multiple Choice

Exhibit 10-13 All of the following statements regarding Exhibit 10-13 are true except one.Which is the exception?

• A)The firm represented in the exhibit will likely be a perfect competitor.
• B)There are economies of scale in this industry.
• C)The minimum efficient quantity is 1, 000 units.
• D)At 500 units there is excess capacity.
• E)A firm too small to produce at least 1, 000 units will have difficulty surviving in this industry.

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