Question

Complete the sentence. When a firm is producing a given output at the least possible​ cost, _______. A. it has no incentive to increase production B. it is operating on the​ downward-sloping portion of its​ long-run average cost curve C. it is operating on the lowest point on its​ long-run average cost curve D. it is operating on its​ long-run average cost curve

Answer 1

D

Step-by-step explanation:

I think on its long run average cost,a firm will be producing at it lowest cost price(CP)