If Economies of Scale Are Relatively Important in an Industry

question 160

Multiple Choice

If economies of scale are relatively important in an industry, the typical firm's

• A)marginal cost curve will decline continuously until it reaches minimum efficient scale.
• B)long-run average cost curve will begin rising before it reaches minimum efficient scale.
• C)long-run average cost curve will reach a minimum at a level of output that leaves room for a large number of firms to enter the industry.
• D)long-run average cost curve will reach a minimum at a level of output that is a relatively large fraction of total industry sales.

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At-Will Employment

An employment arrangement where either the employer or the employee can end the employment at any time, for any reason that is not illegal, with or without notice.

United States

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Discrimination in the workplace that occurs when an employee is treated unfavorably because of characteristics such as race, gender, age, or religion.