-Refer to the Graph Above to Answer This Question

question 118

Multiple Choice

-Refer to the graph above to answer this question.All of the following statements,except one,are correct.Which is the exception?

• A)Firms that produce an output less than Q₁ are too small.
• B)Firms that produce an output which greater than Q₂ are too large.
• C)Firms that produce output Q₂ are achieving MES.
• D)Firms that produce an output which is between Q₁ and Q₂ are neither too large nor too small.
• E)Firms that produce an output which is less than Q₁ cannot be achieving economic capacity.

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Definitions:

Past Time Viewpoint

Referring to events or states of affairs that happened in the past, often used to give background or context in narratives.

Present Tense

A verb tense that expresses actions or states occurring at the current moment.

Proven Conclusions

Outcomes or results that are verified and accepted as truth following rigorous testing or experimentation.

Transitional Phrase

A transitional phrase is a word or group of words used to link sentences and paragraphs together smoothly, indicating the relationship between them.