Figure 12-9 the Figure Below Depicts Average Total Cost Functions for a for a Firm

question 61

Multiple Choice

Figure 12-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 12-9.This firm experiences diseconomies of scale at what output levels?

• A) output levels greater than N
• B) output levels between M and N
• C) output levels less than M
• D) All of the above are correct as long as the firm is operating in the long run.

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Definitions:

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