Which of the Following Is a Condition for Industry Expansion

question 1

Multiple Choice

Which of the following is a condition for industry expansion through expansion of existing firms instead of entry of new firms?

• A)Firms take advantage of diseconomies of scale.
• B)A firm size is greater than the minimum efficient sale.
• C)A firm's average total cost decreases as a result of technological change.
• D)A firm produces beyond the minimum long-run average total cost.
• E)Firms make normal profits.

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