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    Economics Today Study Set 1
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    Exam 22: The Firm: Cost and Output Determination
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    The Typical Shape of the Long-Run Average Cost Curve Is
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The Typical Shape of the Long-Run Average Cost Curve Is

Question 233

Question 233

Multiple Choice

The typical shape of the long-run average cost curve is like


A) the letter "C."
B) the letter "U."
C) an inverse of the letter "V."
D) a circle.

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