Which of the Following Could Be True About a Firm

question 124

Multiple Choice

Which of the following could be true about a firm that is on the flat portion of its long-run ATC curve?

• A)It is experiencing constant returns to scale.
• B)Changing its firm size will not affect its total cost per unit.
• C)It is capturing the lowest average total costs possible in the industry.
• D)All of these are correct.

---

Definitions:

Online Banking

A banking service that allows users to conduct financial transactions via the internet.

Walmart

A multinational retail corporation that operates chains of hypermarkets, discount department stores, and grocery stores, known for its low-price strategy.

$514 Billion

A specific financial figure, possibly referring to the revenue, market value, or budget of an entity or sector.

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specified time period, serving as a comprehensive measure of economic activity.