Multiple Choice
-Refer to the graph above to answer this question.Which of the following statements is correct?
A) Q1 must be the best output for a firm to produce.
B) Q2 must be the best output for a firm to produce.
C) While it is possible for a firm to be too small,it could not be too large.
D) While it is possible for a firm to be too large,it could not be too small.
E) Firms that produce an output which is less than Q1 cannot be achieving minimum efficient scale.
Correct Answer:

Verified
Correct Answer:
Verified
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