Multiple Choice
In a constant-cost industry, price always equals:
A) LRMC and minimum LRAC.
B) LRMC and LRAC, but not necessarily minimum LRAC.
C) minimum LRAC, but not LRMC.
D) LRAC and minimum LRMC.
E) minimum LRAC and minimum LRMC.
Correct Answer:
Verified
Correct Answer:
Verified
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