What concept is important in determining the shape of short run cost curves (marginal cost, average cost) but plays no role in determining the shape of long-run cost curves? What are the most important factors in determining the shape of the long-run cost curves? Explain.

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The Answer of What concept is important in determining the shape of short run cost curves (marginal cost, average cost) but plays no role in determining the shape of long-run cost curves? What are the most important factors in determining the shape of the long-run cost curves? Explain.

What Concept Is Important in Determining the Shape of Short