Refer to the Information Provided in Figure 12

question 71

Multiple Choice

Refer to the information provided in Figure 12.1 below to answer the question(s) that follow. Figure 12.1
-Refer to Figure 12.1. The firm is

• A) equally efficient when it produces at points A and B.
• B) less efficient when it produces at point A than at point B.
• C) less efficient when it produces at point B than at point A.
• D) producing at least possible cost anywhere along the given ATC curve.