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A firm encounters efficient scale at the output where a. ATC curve at its maximum point. b. ATC curve is its minimum point. c. TVC
A firm encounters efficient scale at the output where a. ATC curve at its maximum point. b. ATC curve is its minimum point. c. TVC curve at its minimum point. d. AFC curve at its minimum point
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
