Multiple Choice
For any given output level,a firm's long-run costs
A) are always greater than or equal to its short-run costs.
B) are usually greater than or equal to its short-run costs except in the case of diminishing returns to scale.
C) are always less than or equal to its short-run costs.
D) are usually less than or equal to its short-run costs except in the case of diminishing returns to scale.
Correct Answer:

Verified
Correct Answer:
Verified
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