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________ Is Best Described as the Output Range Needed to Bring

Question 44

Multiple Choice
________ is best described as the output range needed to bring down the cost per unit as much as possible, allowing a firm to stake out the lowest-cost position that is achievable through economies of scale.

________ is best described as the output range needed to bring down the cost per unit as much as possible, allowing a firm to stake out the lowest-cost position that is achievable through economies of scale.


A) Minimum efficient scale
B) Break-even output
C) Maximum output capacity
D) Optimum sustainable yield

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