Multiple Choice
Where long-run average cost equals short-run average cost:
A) short-run average cost is minimized.
B) long-run average variable cost equals short-run average variable cost.
C) long-run average cost equals long-run marginal cost.
D) long-run average cost is minimized.
E) long-run marginal cost equals short-run marginal cost.
Correct Answer:
Verified
Correct Answer:
Verified
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