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For Any Given Output Level,a Firm's Long-Run Costs

Question 5

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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.

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