The long-run average cost curve is tangent to a series of short-run average fixed cost curves.
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Q257: The short-run average total cost curve is
Q258: In the short run,if marginal cost is
Q259: If average total cost is declining,marginal cost
Q260: As a firm increases production in the
Q261: If a firm has to increase output
Q263: The long run is the period during
Q264: The long-run average cost curve is tangent
Q265: When the long-run average total cost curve
Q266: In the long run,some of a firm's
Q267: If output increases,a firm will move along
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