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Table 13-13
Listed in the Table Are the Long-Run Total

Question 62

True/False

Table 13-13
Listed in the table are the long-run total costs for three different firms.
 uantity 22345 Firm A 100100100100100 Firm B 100200300400500 Firm C 1003006001,0001,500\begin{array} { | l | l | l | l | l | l | } \hline \text { uantity } & \mathbf { 2 } & \mathbf { 2 } & \mathbf { 3 } & \mathbf { 4 } & \mathbf { 5 } \\\hline \text { Firm A } & 100 & 100 & 100 & 100 & 100 \\\hline \text { Firm B } & 100 & 200 & 300 & 400 & 500 \\\hline \text { Firm C } & 100 & 300 & 600 & 1,000 & 1,500 \\\hline\end{array}
-Refer to Table 13-13. Firm C is experiencing economies of scale.

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