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Which One of the Following Is TRUE

Question 22

Multiple Choice

Which one of the following is TRUE?


A) Managers who make decisions on the margin are ignoring the long-run perspective.
B) The short run is the period of time in which the selling price of the product does not vary.
C) In the long run, all costs are marginal costs.
D) Average fixed cost equals the sum of average total cost and average variable cost.

Correct Answer:

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