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The Figure Below Shows a Family of Cost Curves for a Firm.The

Question 140

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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. 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) Q<sub>1</sub>. B) Q<sub>2</sub>. C) Q<sub>3</sub>. D) Q<sub>4</sub>. E) Q<sub>5</sub>. FIGURE 8-3
-Refer to Figure 8-3.The minimum efficient scale is achieved by this firm at output level


A) Q1.
B) Q2.
C) Q3.
D) Q4.
E) Q5.

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