-Refer to the graph above to answer this question.All of the following statements except one are correct.Which is the exception? A)Plant 1 has excess capacity at output level Q₁. B)Output level Q₃ is economic capacity for plant size 1. C)Output level Q₃ can be produced for the same cost in plant 1 and in plant 2. D)Plant 2 achieves minimum efficient scale. E)Increasing returns to scale are experienced when output is increased from Q₁ to Q₄.

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The Answer of -Refer to the graph above to answer this question.All of the following statements except one are correct.Which is the exception? A)Plant 1 has excess capacity at output level Q₁. B)Output level Q₃ is economic capacity for plant size 1. C)Output level Q₃ can be produced for the same cost in plant 1 and in plant 2. D)Plant 2 achieves minimum efficient scale. E)Increasing returns to scale are experienced when output is increased from Q₁ to Q₄.

-Refer to the Graph Above to Answer This Question