A firm that has the long-run cost curves shown in the graph would be able to do or have the following, except
A)exploit economies of scale.
B)have an entry barrier protecting it from new entrants into the market.
C)serve an increasing share of the market at lower and lower unit costs.
D)attain lower unit costs by reducing its output level.

Question

A firm that has the long-run cost curves shown in the graph would be able to do or have the following, except
A)exploit economies of scale. 
B)have an entry barrier protecting it from new entrants into the market. 
C)serve an increasing share of the market at lower and lower unit costs. 
D)attain lower unit costs by reducing its output level.

Quizplus · Accepted Answer

The Answer of  A firm that has the long-run cost curves shown in the graph would be able to do or have the following, except
A)exploit economies of scale. 
B)have an entry barrier protecting it from new entrants into the market. 
C)serve an increasing share of the market at lower and lower unit costs. 
D)attain lower unit costs by reducing its output level.

A Firm That Has the Long-Run Cost Curves Shown in the Graph