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If a Firm's Marginal Cost Curve Is Very Steep in the Short-

Question 12

Multiple Choice

If a firm's marginal cost curve is very steep in the short- term, but much flatter in the long- term, all else equal a -_______ term forecast is likely to be more valuable than a _______ term forecast.


A) short; extended
B) long; short
C) long; extended
D) short; long

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