Table 13-10 Consider the Following Table of Long-Run Total Cost for Four

question 6

Multiple Choice

Table 13-10
Consider the following table of long-run total cost for four different firms

-Refer to Table 13-10.Which firm has diseconomies of scale over the entire range of output?

• A)Firm 1
• B)Firm 2
• C)Firm 3
• D)Firm 4

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Definitions:

Takeover

The acquisition of one company by another, either through direct purchase or by obtaining a majority stake in the target company.

Assets

Resources owned by an individual or entity that have economic value and can be converted into cash.

Consolidation

The process of combining two or more entities into a single entity, often with the goal of improving efficiency or reducing costs.

Assets and Liabilities

The items a company owns (assets) and the debts it owes (liabilities), fundamental components of a company's financial health.