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    Exam 15: Entry, Exit, and Long-Run Profitability
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    What Happens to Average Fixed Costs as Output Rises
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What Happens to Average Fixed Costs as Output Rises

Question 112

Question 112

Multiple Choice

What happens to average fixed costs as output rises?


A) They follow an unpredictable pattern.
B) They hold steady.
C) They rise.
D) They diminish.

Correct Answer:

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