If Economies of Scale Are Relatively Important in an Industry

question 160

Multiple Choice

If economies of scale are relatively important in an industry, the typical firm's

• A)marginal cost curve will decline continuously until it reaches minimum efficient scale.
• B)long-run average cost curve will begin rising before it reaches minimum efficient scale.
• C)long-run average cost curve will reach a minimum at a level of output that leaves room for a large number of firms to enter the industry.
• D)long-run average cost curve will reach a minimum at a level of output that is a relatively large fraction of total industry sales.

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