Multiple Choice
The figure below shows a family of cost curves for a firm. The subscripts 1, 2, and 3 for the SRATC curves refer to different plant sizes. 
FIGURE 8-3
-Refer to Figure 8-3. The minimum efficient scale is achieved by this firm at output level
A) Q₃.
B) Q₄.
C) Q₂.
D) Q₁.
E) Q5.
Correct Answer:
Verified
Correct Answer:
Verified
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