Introduction of the Verson Stamping Machine helped firms in the automobile industry:

A) eliminate diminishing returns in production.
B) achieve greater economies of scale.
C) reach their minimum efficient scale at a lower level of production.
D) shift their AVC,ATC,and MC curves upward.

Verson Stamping Machine

A specific brand or type of machine used in the metal forming process, capable of shaping or cutting metal with high precision through stamping.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, resulting in lower per-unit costs due to increased production volume.

Automobile Industry

The sector of the economy that manufactures and sells motor vehicles.