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The optimum point is an _________ size of a firm.

A. Ideal

B. Average

C. Over

D. Extra

Answer: Option A

Solution(By Examveda Team)

The optimum point is an Ideal size of a firm. The optimum firm refers to the best or ideal size of the firm. More specifically optimum or best firm is considered as one that has set up a plant with lowest possible cost and is also operating it at its lowest average cost point.

This Question Belongs to Commerce >> Business And Commerce

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Comments ( 1 )

  1. Sepuri Vimala
    Sepuri Vimala :
    6 months ago

    The optimum size of business unit multiple choice questions and answers

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