Long-run cost curves are generally steeper than short-run cost curves.

Name: Long-run cost curves are generally steeper than short-run cost curves.
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Long-run cost curves are typically flatter than short-run cost curves because in the long run, all inputs are variable, allowing firms to adjust all factors of production and achieve economies of scale, thus facing lower costs per unit of output as they increase production.

Long-Run Cost Curves Are Generally Steeper Than Short-Run Cost Curves