To Achieve the Minimum Efficient Scale in the Long Run

question 67

Multiple Choice

To achieve the minimum efficient scale in the long run, a firm must:​

• A)charge the highest price possible.
• B)produce where demand is unit elastic.
• C)sell the most output possible.
• D)minimize the cost of producing any given amount of output.
• E)produce at minimum long-run average cost.

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Definitions:

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Individuals who speak only one language fluently.

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Relating to the words or vocabulary of a language.

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Concerning the sounds of human speech and the system of producing and describing these sounds.

Syntactic

Pertains to the organization of words and phrases to construct grammatically correct sentences within a language.