Steve owns a bike store. Last year, his average cost of selling a bike was $1,000. If he expands the size of his store this year and sees his average cost increase to $1,050, his long-run average total cost curve should be:
A) horizontal.
B) U-shaped.
C) vertical.
D) downward-sloping.
E) upward-sloping.
Correct Answer:
Verified
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