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    Principles of Microeconomics
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    Exam 9: Long-Run Costs and Output Decisions
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    The Horizontal Sum of Marginal Cost Curves (Above AVC) of All
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The Horizontal Sum of Marginal Cost Curves (Above AVC) of All

Question 117

Question 117

True/False

The horizontal sum of marginal cost curves (above AVC) of all the firms in an industry is the short-run industry supply curve.

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