-The figure above shows that ________ occurs at ________ units and that ________ firms should share the market.

Question

Quizplus · Accepted Answer

The efficient scale is the point where a firm can produce at the lowest average cost, which often corresponds to the point where marginal cost intersects average total cost. If the figure indicates this occurs at 30 units and suggests that 3 firms should share the market, it aligns with the concept of efficient scale, where production is optimized for cost efficiency.

-The Figure Above Shows That ________ Occurs at ________ Units

-The Figure Above Shows That Occurs at Units