Refer to the provided graphs. They show the long-run average total cost (LRATC)for cars. Just after World War II, the Ford Motor Company opened a large automobile manufacturing facility near Detroit with capacity Q ₀ autos per year. Shortly thereafter, the plant was closed and two smaller ones were opened in the same vicinity, each more profitably producing about one-half as many cars as the old facility. Which graph best shows the situation just described, when only one plant was operating?

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The Answer of  Refer to the provided graphs. They show the long-run average total cost (LRATC)for cars. Just after World War II, the Ford Motor Company opened a large automobile manufacturing facility near Detroit with capacity Q ₀ autos per year. Shortly thereafter, the plant was closed and two smaller ones were opened in the same vicinity, each more profitably producing about one-half as many cars as the old facility. Which graph best shows the situation just described, when only one plant was operating?

Refer to the Provided Graphs