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The difference between a U-shaped AC curve and an L-shaped AC curve is that: Question 21Select one: a. Diseconomies of scale are greater as represented

The difference between a U-shaped AC curve and an L-shaped AC curve is that: Question 21Select one: a. Diseconomies of scale are greater as represented by the L-shaped AC curve. b. The Marginal Cost (MC) of production increases more rapidly beyond the minimum efficient scale point of the L-shaped AC curve as compared to the U-shaped AC curve. c. The minimum efficient scale point indicates where economies of scale begin on the L-shaped AC curve. d. The AC of production is flat beyond the minimum efficient scale point on the L-shaped AC curve. e. None of the above are correct

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