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Author Question: If economies of scale are relatively important in an industry, the typical firm's (Read 6 times)

jc611

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If economies of scale are relatively important in an industry, the typical firm's


marginal cost curve will decline continuously until it reaches minimum efficient scale.


long-run average cost curve will reach a minimum at a level of output that is a relatively large fraction of total industry sales.


long-run average cost curve will reach a minimum at a level of output that leaves room for a large number of firms to enter the industry.


long-run average cost curve will begin rising before it reaches minimum efficient scale.



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Marked as best answer by jc611 on Oct 8, 2019

nixon_s

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