The Long-Run Average Cost (LRAC) Curve Indicates the ________

Multiple Choice

The long-run average cost (LRAC) curve indicates the ________.

A) per unit cost of output in the long run
B) projected total production costs of competitors
C) variable costs incurred by a firm over time
D) fixed costs incurred by a firm over the long term
E) number of units the market will buy in a given time period, at different prices that might be charged