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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.3
The point where the average total cost (ATC) is at its lowest is achieved when?
The firm achieves economies of scale.
The firm reaches its maximum plant capacity.
The firm experiences constant returns to scale.
The firm faces diseconomies of scale.
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AP Microeconomics - 3.3 Long-Run Production Costs
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Average Total Cost (ATC)
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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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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