Multiple Choice
Use the figure below to answer the following questions.
Figure 11.4.4
-Refer to Figure 11.4.4, which illustrates the long-run average total cost curve. Which one of the following statements is false?
A) Economies of scale exist between 0 and Q₀ units of output.
B) Diseconomies of scale exist between 0 and Q₁ units of output.
C) Constant returns to scale exist between Q₁ and Q₂ units of output.
D) Diseconomies of scale exist at quantities greater than Q₂ units of output.
E) Constant returns to scale exist between Q₀ and Q₁ units of output.
Correct Answer:

Verified
Correct Answer:
Verified
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