In the long run, a firm will choose a plant size that has the

Name: In the long run, a firm will choose a plant size that has the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the long run, a firm aims to minimize costs and maximize efficiency. Choosing a plant size that has the minimum average total cost of producing the target level of output ensures that the firm is operating at the most efficient scale, balancing the costs of production with the output level. This is crucial for long-term profitability and competitiveness.

In the Long Run, a Firm Will Choose a Plant