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A Long-Run Total Cost Curve

Question 5

Multiple Choice

A long-run total cost curve:


A) must be equal to zero when the level of output is zero.
B) may be greater than or equal to zero when the level of output is zero.
C) must be decreasing when the level of output is zero.
D) will be equal to fixed cost, which is greater than zero, when the level of output is zero.

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