Question 1
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow.


Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to be in long-run equilibrium, the firm must be producing
◦
q1 units of output.
◦
q2 units of output.
◦
q3 units of output.
◦ an amount that is indeterminate from this information.
Question 2
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow.


Refer to Figure 9.6. Economies of scale exist up to ________ units of output for this firm.
◦
q1◦
q2◦
q3◦ q
4