When a Firm Is Operating at Its Minimum Efficient Scale

Multiple Choice

When a firm is operating at its minimum efficient scale, its:​

A) short-run average total cost of production is minimized.
B) long-run marginal cost of production is minimized.
C) long-run average cost of production is minimized.
D) marginal revenue is less than the marginal cost.
E) total revenue is just equal to the total cost.