The Minimum Efficient Scale in the Figure Below Shows That

question 292

Multiple Choice

The minimum efficient scale in the figure below shows that

• A) point A is the minimum efficient scale (ME
• S) for the firm.
• B) point B is the minimum efficient scale (ME
• S) for the firm.
• C) the long-run average cost curve (LA
• C) reaches a minimum point at B.
• D) the minimum efficient scale (ME
• S) illustrates maximum average costs.

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