The long-run average total cost curve is less u-shaped than the short-run average total cost curve.

Name: The long-run average total cost curve is less u-shaped than the short-run average total cost curve.
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This is because in the long run, a firm can adjust all its inputs such as plant size which reduces the impact of fixed costs on the average total cost. As a result, the long-run average total cost curve is flatter and less u-shaped compared to the short-run average total cost curve.

The Long-Run Average Total Cost Curve Is Less U-Shaped Than