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The Vertical Distance Between a Firm's Total Cost (TC) and Its

Question 88

Multiple Choice

The vertical distance between a firm's total cost (TC) and its total variable cost (TVC) curves


A) decreases as output decreases.
B) is equal to the average variable cost, AVC.
C) is equal to the total fixed cost, TFC.
D) is equal to the marginal cost, MC.

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