"Assuming the long-run average cost curve is U shaped, a firm will always seek to operate at the lowest point on the long-run average cost curve." True or false?

Name: "Assuming the long-run average cost curve is U shaped, a firm will always seek to operate at the lowest point on the long-run average cost curve." True or false?
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The Answer of "Assuming the long-run average cost curve is U shaped, a firm will always seek to operate at the lowest point on the long-run average cost curve." True or false?

"Assuming the Long-Run Average Cost Curve Is U Shaped, a Firm