The Marginal Cost Curve Crosses the Average Total Cost Curve

question 60

Multiple Choice

The marginal cost curve crosses the average total cost curve at:

• A)the efficient scale
• B)economies of scale
• C)diseconomies of scale
• D)maximum ATC

---

Definitions:

Test Market

A geographic region or demographic group used to gauge the potential success of a product or service before a wider market launch.

Experimental Market

A market or test area where new products or services are introduced to measure consumer response and behavior.

Simulated Market

An artificial environment created for research, training, or testing, mirroring real-world market conditions without the economic risks.

Micro Market

A small, specific segment of a market with its own particular needs or preferences.