When a Firm Is Operating at an Efficient Scale

question 601

Multiple Choice

When a firm is operating at an efficient scale,

• A)average variable cost is minimized.
• B)average fixed cost is minimized.
• C)average total cost is minimized.
• D)marginal cost is minimized.

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The final part of something, especially an argument or a piece of writing, summarizing the main points or deducing some consequence.

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