The values for the long-run ATC curves of three different firms are listed in the table below:

Quantity	ATC 1	ATC 2	ATC 3
5	10	7	12
10	8	6	9
15	7	5	7
20	6	6	6
25	6	7	5
30	6	9	4
35	7	13	6
40	8	17	9

(a) Which firm faces the lowest minimum ATC?

(b) Which firm has the greatest minimum efficient scale?

(c) Which firm has the smallest economies of scale?

Posted Date: 3/16/2013 3:24:45 AM | Location : United States

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