The long-run average cost curve touches to the short-run average cost curves at ...
Question
The long-run average cost curve touches to the short-run average cost curves at theOptions
A)
minimum points of all short run average cost curves
B)
declining points of all short-run average cost curves
C)
minimum point of only one of the short-run cost curves
D)
rising points of all short-run average cost curves
Related Lesson: Shapes of Long-Run Average Cost Curves | Cost and Industry Structure
The correct answer is D.
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