When the LRAC curve has a clear minimum point, then
a. any firm producing a different quantit...
Business, 31.03.2020 19:18, gracie2492
When the LRAC curve has a clear minimum point, then
a. any firm producing a different quantity will have higher costs
b. the industry is likely to have more firms competing
c. the industry is likely to have fewer firms competing
d. the industry must have a single firm supplying
e. all the output that buyers want to buy
Answers: 3
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