The difference between a U-shaped AC curve and an L-shaped AC curve is that:
a. Diseconomies of scale are greater as represented by the L-shaped AC curve.
b. The Marginal Cost (MC) of production increases more rapidly beyond the minimum efficient scale point of the L-shaped AC curve as compared to the U-shaped AC curve.
c. The minimum efficient scale point indicates where economies of scale begin on the L-shaped AC curve.
d. The AC of production is flat beyond the minimum efficient scale point on the L-shaped AC curve.
e. None of the above is correct.