-The firm represented in this table has a marginal cost that is greater than its long-run average total cost when it produces its:

Name: -The firm represented in this table has a marginal cost that is greater than its long-run average total cost when it produces its:
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Question

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When marginal cost is greater than long-run average total cost, it indicates that producing an additional unit increases the average total cost, which typically occurs when output is beyond the efficient scale.

-The Firm Represented in This Table Has a Marginal Cost