A Long-Run ATC Curve Shows

question 111

Multiple Choice

A long-run ATC curve shows:

• A) the minimum average total cost possible for every possible size firm across an industry.
• B) which size firm can capture the lowest costs per unit for an industry.
• C) what size firms can capture economies of scale by expanding.
• D) All of these are true.

---

Definitions:

Gastrointestinal Motility

The process by which the muscles of the gastrointestinal tract move content through the digestive system.

Constipation

Condition characterized by difficulty in passing stool or an infrequent passage of hard stool.

Abdominal Distention

The condition of having an enlarged or swollen abdomen.

Deficient Fluid Volume

A medical condition where there is a lower than required volume of fluid in the body, also known as dehydration, leading to various health issues.