Under what conditions will a competitive firm continue to grow in size? O Until it achieves minimum efficient scale. O Until it is just able to cover its variable costs. As long as other firms do. Until it makes an economic profit. O Until diminishing returns set in.

Under what conditions will a competitive firm continue to grow in size? O Until it achieves minimum efficient scale. O Until it is just able to cover its variable costs. As long as other firms do. Until it makes an economic profit. O Until diminishing returns set in.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Perefect Competition

Section: Chapter Questions

Problem 5SQP

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Question

Under what conditions will a competitive firm continue to grow in size?
O Until it achieves minimum efficient scale.
O Until it is just able to cover its variable costs.
As long as other firms do.
Until it makes an economic profit.
O Until diminishing returns set in.

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