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Tidy Tidy
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If the long-run average cost curve is U-shaped, the optimal scale of production from society's viewpoint is
A) the minimum efficient scale.
B) where maximum economic profit is earned by producers.
C) where firm profit is large enough to finance research and development.
D) one which guarantees economic profit.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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