The Firm's Long-Run Average Total Cost Curve

Multiple Choice

The firm's long-run average total cost curve

A) intersects each short-run average total cost curve at its minimum point
B) lies below its short-run average total cost curves at every output level
C) lies above its short-run average total cost curves at every output level
D) coincides with a small segment of its short-run average total cost
E) touches each of the firm's short-run average total cost curves at the lowest points