Veterans' benefits include which of the following?

Other things remaining the same, a left shift in the supply curve will lead to:

A) a decrease in the equilibrium price and the equilibrium quantity. B) an increase in the equilibrium price and the equilibrium quantity. C) a decrease in the equilibrium price and an increase in the equilibrium quantity. D) an increase in the equilibrium price and a decrease in the equilibrium quantity.

The smallest quantity of output at which long-run average cost is at a minimum is a firm's ________

A) maximum efficient scale B) profit-maximizing output point C) minimum efficient scale D) efficient output point