Figure 13-4
-Refer to Figure 13-4.Curve D intersects curve C

Name: Figure 13-4 -Refer to Figure 13-4.Curve D intersects curve C
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Question

Figure 13-4 
-Refer to Figure 13-4.Curve D intersects curve C

Quizplus · Accepted Answer

Curve D intersects curve C at the efficient scale, where the firm produces output at the minimum average total cost. This point represents the optimal level of production for the firm, where it can minimize its costs and maximize its profits. Therefore, the best choice is C.

Figure 13-4 -Refer to Figure 13-4.Curve D Intersects Curve C