If a Company Is Producing at a Level of Output

question 36

Multiple Choice

If a company is producing at a level of output at which the long-run average-total-cost curve reaches a minimum,the company:

• A)is experiencing economies of scale.
• B)is at minimum efficient scale.
• C)is experiencing increasing returns to scale.
• D)will shut down.
• E)is experiencing diseconomies of scale.

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Definitions:

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