If a firms ATC is falling in the long run, then a. it is subject to economies

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If a firm’s ATC is falling in the long run, then

a. it is subject to economies of scale over that range of output.

b. it is subject to diseconomies of scale over that range of output.

c. it is subject to constant return to scale over that range of output.

d. it has reached the minimum efficient scale of production.

e. both (c) and (d) are true.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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Question Posted: May 19, 2024 03:02 AM

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If a firms ATC is falling in the long run, then a. it is subject to economies

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Exploring Microeconomics

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