If the long-run average cost curve continuously slopes upward as output rises, minimum efficient scale would be
A) zero.
B) at the midpoint of the long-run average cost curve.
C) at the rate of output associated with the smallest sized plant the firm can build.
D) nonexistent.

Question

Quizplus · Accepted Answer

If the long-run average cost curve continuously slopes upward as output rises, it indicates that there are no economies of scale being realized, and thus, there is no point at which the firm achieves minimum efficient scale.

If the Long-Run Average Cost Curve Continuously Slopes Upward as Output