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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.3
A firm decides to reduce its output in order to lower its per-unit costs. What potential risks or trade-offs should the firm consider before making this decision?
Constant returns to scale.
Potential loss of market share.
Diminishing marginal returns.
Increased economies of scale.
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AP Microeconomics - 3.3 Long-Run Production Costs
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Output
Per-Unit Costs
Trade-offs
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About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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