What is a firm's minimum efficient scale?
A. All ranges of output at which the firm ach...
Business, 16.04.2020 03:06 natalie857123
What is a firm's minimum efficient scale?
A. All ranges of output at which the firm achieves minimum long-run average cost.
B. All outputs where the firm achieves the minimum marginal cost.
C. The lowest rate of output at which the firm achieves minimum short-run average cost.
D. The lowest rate of output at which the firm achieves minimum long-run average cost.
Answers: 1
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