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All of the Following Statements Are True of the Minimum

Question 29

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 diseconomies of scale.
D) An increase in the output level will increase profit.

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