When Economies of Scale Are Present, the LRAC Curve Touches

question 110

Multiple Choice

When economies of scale are present, the LRAC curve touches each short-run ATC curve

• A) to the left of the ATC curve's minimum point.
• B) to the right of the ATC curve's minimum point.
• C) at the ATC curve's minimum point.
• D) at no points.

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