Multiple Choice
All of the following statements are true of the minimum efficient scale except one.Which one?
A) All possible economies of scale have been exhausted.
B) The short-run average total cost curve's minimum point is equal to the long-run average cost curve's minimum point.
C) Any increase in the scale of operation will encounter either constant returns to scale or diseconomies of scale.
D) An increase in the output level will increase profit.
Correct Answer:

Verified
Correct Answer:
Verified
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