The Long- Run Average Cost Curve (LRAC)helps the Producer Understand

question 89

Multiple Choice

The long- run average cost curve (LRAC) helps the producer understand which of the following?

• A)how to price under conditions of inelastic demand
• B)how large a business should be in order to be most efficient
• C)how to deal with competitors' prices
• D)how to deal with external factors
• E)how to price under conditions of elastic demand

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