Figure 13-9 the Figure Below Depicts Average Total Cost Functions for a for a Firm

Multiple Choice

Figure 13-9
The figure below depicts average total cost functions for a firm that produces automobiles.
-Refer to Figure 13-9. At levels of output less than M, the firm experiences

A) economies of scale.
B) diseconomies of scale.
C) constant returns to scale.
D) both diminishing marginal productivity and coordination problems.