When ____, we know that the firms must be producing at the minimum poi

1.	When ____, we know that the firms must be producing at the minimum point of the average cost curve and so there will be productive efficiency.
Answer» MC = AC When MC = AC, we know that the firms MUST be producing at the MINIMUM point of the average cost curve and so there will be PRODUCTIVE efficiency.

When ____, we know that the firms must be producing at the minimum point of the average cost curve and so there will be productive efficiency.

Answer»

MC = AC

When MC = AC, we know that the firms MUST be producing at the MINIMUM point of the average cost curve and so there will be PRODUCTIVE efficiency.