If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?

Related Mcqs:

The long-run market supply curve ?

A. is always more elastic than the short-run market supply curve. B. is always perfectly elastic C. has the same elasticity as the short run market supply curve D. is always less elastic than the short-run market supply curve...

Holding all factors constant except one and increasing a variable factor is expected to lead to steadily decreased marginal product of that factor, this is an example of ?

A. decreasing returns to scale B. The law of diminishing returns C. constant returns to scale D. an inefficient production technique...

In a competitive industry each buyer and seller ?

A. is a price taker B. Producer different products C. Believes that can influence price D. Prevents the entry of competitors...

In the long-run some firms will exit the market if the price of the good offered for sale is less than ?

A. marginal revenue B. marginal cost C. average total cost D. average revenue...

If an input necessary for production is in limited supply so that an expansion of the industry raises costs for all existing firms in the market, then the long-run market supply curve for a good could be ?

A. perfectly inelastic B. perfectly elastic C. upward sloping D. downward sloping...