Multiple Choice
When the minimum efficient scale occurs at a high level of industry output
A) the firms in the industry will be producing in the diseconomies of scale portion of the curve.
B) there will only be a few firms in the industry.
C) the government will have to take over the production of the good since it will be unprofitable for firms.
D) there will be a lot of firms in this industry.
Correct Answer:

Verified
Correct Answer:
Verified
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