Question

In order to achieve productive efficiency, firms, in any market structure, would have to produce where

a. marginal cost begins to turn upward.
b. marginal cost rises to intersect marginal revenue.
c. average total cost is minimized.
d. marginal cost rises to intersect the demand curve faced by the firm.

Answer 1

sorry wrong question

Answer 2

Productive efficiency is where P=min ATC

Answer 3

hmm c

Answer 4

yes

Answer 5

thank you soo much