UESTION 16 ATC Units of outputq Refer to the figure This com

UESTION 16 ATC Units of outputq Refer to the figure. This competitive firm is currently producing an output where ATC is at point B. The firm\'s move toward an output where ATC will be at point A will make the economy OA more stable. O B. less efficient. ° C. less stable. D more fair and the distribution of outcome more equitable. UESTION 17 lick Save and Submit to save and submit. Click Save All Answers to save all answers Save

Solution

Question 16: the answer is option b

Moving production from point B to point A increases the average total cost of all the units produced. This makes the economy less efficient.